economy
January 26, 2026
Another day another high: Gold surges past $5,100 as investors seek shelter from global risks
The surge comes as recent flashpoints from Greenland and Venezuela to the Middle East underscore higher geopolitical risk, while fiscal concerns also loom large.
TL;DR
- Gold reached a new all-time high, trading at $5,102 an ounce.
- Silver prices jumped 4.9% to $107.9 per ounce, also boosted by industrial demand.
- Geopolitical flashpoints and global fiscal risks are driving investors towards gold as a safe haven.
- Central bank purchases of gold remain strong, averaging around 60 tonnes a month.
- Investment banks have raised their gold price forecasts, citing sustained demand and hedges against macro-policy risks.
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