Gold Vaults Past $5,200 to Record High on Safe-Haven Demand
Gold prices have indeed reached a new all-time high (ATH), trading above $5,200 per ounce on Wednesday, January 28, 2026, driven by strong safe-haven demand amidst global economic and geopolitical uncertainty.
Spot gold hit an intraday record of approximately $5,202.51 per ounce.
Key Insights
Driving Factors: The record rally is primarily fueled by a weakening U.S. dollar, expectations of a more dovish U.S. Federal Reserve, and ongoing geopolitical tensions involving potential tariffs and conflicts.
Market Performance: Gold has gained over 18% since the start of the year. Silver and platinum have also seen significant gains, with silver trading near its own record highs.
Future Outlook: Analysts suggest further upside risk for the precious metal, with some indicating that gold reaching $5,000/oz in 2026 seems more likely than significant declines.
