Fri, 30 Jan 2026

Fri, 30 Jan 2026 Three reasons for the record rise in gold prices, and one why they are falling

Gold has fallen from recent highs but there are several reasons investors are still finding refuge in the precious metal.

* Gold prices have reached a record high, surging past $5,000 per ounce and briefly hitting $5,500 before falling sharply due to signs of political stability.
* Silver and platinum prices also saw significant rises, but fell with gold after Trump's nomination for Fed chairman was announced.
* The global economic uncertainty, driven by Trump's trade policies, has led investors to seek safe-haven assets like gold.
* Central banks buying gold has been a key factor pushing up its price.
* China is the biggest buyer of gold, with demand coming from individuals buying jewelry as well as investors.
* New buyers in the market have been picking up large amounts of gold, contributing to its recent price surge.
* Gold prices are still much higher than this time last year due to ongoing geopolitical tensions and current tariffs.
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