Spot Gold Surges Past Record Five Thousand Five Hundred Dollar Mark as Global Tensions Ignite Safe Haven Demand
Gold prices hit an all-time record on Thursday as geopolitical risks and economic data drove investors toward safe-haven assets across global markets.
Insights:
Spot gold prices surged to a new record on January 29, 2026, as investors aggressively moved into the safe-haven metal amid a backdrop of intensifying geopolitical and economic uncertainty. By 2343 GMT, spot gold was trading up 2.9% at $5,554.76 an ounce, having reached an unprecedented peak of $5,591.61 earlier in the trading session. This rapid ascent follows a significant milestone on Monday when prices broke the $5,000 mark for the first time, representing a gain of more than $500 over just four sessions.
