Gold Prices Surge to Record Highs Above 5300 Dollars as Investors Await Federal Reserve Decision
Spot gold climbed above 5,300 dollars per ounce for the first time as a weak dollar and anticipation for the Federal Reserve policy decision drove markets.
Insights:
Spot gold prices climbed above $5,300 per ounce for the first time on Wednesday, Jan. 28, 2026, as the precious metals market experienced a historic surge in value. By 11:05 a.m. ET, spot gold was trading up 1.7% at $5,278.28 an ounce, having briefly touched a record high of $5,311.31 earlier in the day. This significant move comes after prices gained more than 3% in the previous session, reflecting a strong upward trend in the US 
USbullion market. Concurrently, U.S. gold futures for February delivery jumped 3.8% to $5,275.30 an ounce, signaling robust positioning by traders.
USbullion market. Concurrently, U.S. gold futures for February delivery jumped 3.8% to $5,275.30 an ounce, signaling robust positioning by traders.
