Gold Prices Reach Historic Milestone Above Five Thousand Dollars as Global Markets React to United States Policy Shifts

Gold prices hit a record above 5,000 dollars per ounce on Monday. The rally follows erratic trade policy and sustained buying by global central banks.

Insights:
Gold Spot prices surged to a historic milestone on Monday, January 26, 2026, breaking above the $5,000 mark for the first time. By 0159 GMT, the spot price rose 1.79% to reach $5,071.96 per ounce, having touched a session high of $5,085.50 earlier in the day. In the US USUS, gold futures for February delivery similarly gained 1.79% to settle at $5,068.70 per ounce. This breakthrough follows a period of significant momentum for the metal, which soared 64% in 2025 and has already gained more than 17% since the start of 2026.
UK gold bars and gold Sovereign coins are displayed at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. REUTERS/Hiba Kola
UK gold bars and gold Sovereign coins are displayed at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. REUTERS/Hiba Kola
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