Gold Prices Reach New Record Near 5600 Dollars Amid Geopolitical Tensions and Weak Dollar
Spot gold hit a record high near 5600 dollars on Thursday as safe-haven demand spiked due to US-Iran tensions and expectations of future interest rate cuts.
Insights:
Spot gold rose 2.2% to $5,516.71 an ounce by 0947 GMT on January 29, 2026, after hitting a record high of $5,594.82 earlier in the session. This surge represents the ninth consecutive session that gold has set record highs, contributing to a monthly rise of roughly 28% so far. In the US 
US, gold futures for February delivery jumped 4% to $5,509.60, having reached an all-time high of $5,626.80 earlier in the day. Total bullion gains for the year have now exceeded 27%, as investors scramble for safety in a volatile global environment.
US, gold futures for February delivery jumped 4% to $5,509.60, having reached an all-time high of $5,626.80 earlier in the day. Total bullion gains for the year have now exceeded 27%, as investors scramble for safety in a volatile global environment.
