On January 29, 2026 (Thursday) during the Asian trading session, spot gold and COMEX gold both surpassed $5500 per ounce, reaching daily highs of $5598.75 and $5626.8 respectively, setting new historical highs. Spot silver and COMEX silver also broke through $118 per ounce, with a peak of $119.34, refreshing historical records.
Core Data Overview
• Gold: Surpassed $5500 per ounce during the Asian session on the 29th, with an annual increase approaching 30%
• Silver: Surpassed $118 per ounce during the Asian session on the 29th, with an annual increase exceeding 60%
• Domestic: Shanghai gold main contract peaked at 1252.98 yuan per gram (up nearly 8%); Shanghai silver main contract peaked at 30444 yuan per kilogram (up over 4%)
Core Drivers of the Surge
1. Surge in Safe-Haven Demand: Tensions in geopolitical situations and uncertainties in the global economy and monetary outlook have led to a flow of funds into precious metals.
2. Federal Reserve Policy Expectations: On January 28, the interest rate was maintained at 3.5%-3.75%, with the market betting on subsequent rate cuts, reducing the opportunity cost of holding non-yielding gold.
3. Central Banks Continuing to Buy Gold: Global central banks are increasing their gold holdings, supporting gold prices.
4. Silver Supply and Demand Resonance: Combining financial and industrial attributes (photovoltaic, electronics, new energy demand), along with limited supply, the rise in silver significantly outperforms gold.
5. Weakening Dollar: High U.S. debt and expanding fiscal deficits are putting pressure on the dollar's credibility, pushing up precious metals priced in dollars.
Institutional Views and Risk Warnings
• Institutions remain generally optimistic; Goldman Sachs predicts that if the Federal Reserve's policy shifts, gold could rise to $5800, while silver aims for $135.
• Warning: Short-term increases are too large, and volatility is intensifying; changes in monetary policy, geopolitical situations, and dollar trends may trigger a correction.
📈 Macro resonance ignites the market, Bitcoin aims for $95,000
The direct trigger for this Bitcoin breakout is the significant decline of the US Dollar Index (DXY) to the 95.80 range, coupled with the Trump administration's nonchalant attitude towards the dollar's drop, which has released strong liquidity expectations in the market. From a technical perspective, Bitcoin's price has formed a bullish divergence with the RSI indicator. Analyst Willy Woo points out that such patterns have historically led to an average subsequent increase of 10%, suggesting a potential challenge of the $95,000 resistance level in the short term.
Meanwhile, a rare resonance has formed between traditional safe-haven assets and the cryptocurrency market: gold prices rose by 1.8% in a single day to $5,215 per ounce, while Ethereum rebounded above $3,000 with an increase of nearly 4%, highlighting the cryptocurrency market's high sensitivity to macro policies.
Trump: The dollar can be manipulated like a yo-yo in my hand, market risk aversion is at its peak
Trump stated that the dollar can rise and fall like a yo-yo at will, and his remarks ignited the market, causing the dollar index to plummet 0.84% to 96.219, hitting a four-year low.
The dollar weakened against all major currencies, non-dollar currencies surged collectively, spot gold reached a historic high of over 5180 dollars/ounce, and safe-haven demand surged.
It has long oscillated between a strong and weak dollar, tacitly allowing depreciation to boost exports and solidify votes, but it conceals the risks of inflation rebound and uncontrolled exchange rates, compounded by the approaching Federal Reserve policy meeting, leading to increasing policy uncertainty.
The dollar's status as a reserve currency is under scrutiny again, the global exchange rate system is under pressure, the linkage effect in the currency market is prominent, and with the demand for safe-haven assets increasing, volatility in the cryptocurrency market may further amplify, drawing attention from the entire network!
Binance Today's 3 Major Updates | BNB Steady Rise + New Trading Pairs Launch + US Stock Tokens Restart!
(Compliance without inducement, can be directly posted in Binance community/Little Red Book/Douyin)
✅ Today's Core Market (1.27 Real-time) BNB Current Price ¥6154.02, 24H Rise 1.04% Increase ¥63.87 Range ¥6054.63-¥6178.21, Trading Volume 1.3608 million coins, Total Market Value ¥12.3 trillion 7D Slight Drop 3.71%, 30D Still Up 4.69%, Long-term Trend Steady
🔥 Today's 3 Key Actions, Must-See in the Crypto Circle
1. New Trading Pairs Launch + Robot Services Start 08:30 (UTC) Officially open trading pairs BNB/U, ETH/U, SOL/U, TRX/USD1, simultaneously enable trading robots, maximizing trading efficiency, suitable for both beginners and experienced traders! At the same time, 20 low-efficiency spot trading pairs will be delisted (such as BTC/UAH, COMP/BTC), optimizing the trading experience~ 2. Collateral Rate Adjustment Countdown On January 30 at 14:00 (UTC+8), the collateral rate for some assets in unified accounts will be adjusted, users holding positions must pay attention in advance to avoid affecting their positions! 3. US Stock Tokens Restart on the Agenda To respond to market conditions, Binance is exploring the restart of US stock tokens, bypassing regulatory restrictions, allowing crypto users to seize technology stock dividends without having to switch to traditional stock markets, retaining on-site funds!
⚠️ Risk Warning This content is solely for sharing Binance updates and does not constitute any investment advice; the prices of digital assets are highly volatile, investments carry risks, and one must rationally assess their own risk tolerance and make cautious decisions.