Gold prices hit a record five thousand eighty nine dollars on Monday

Gold XAUUSDreached an unprecedented $5,089 per ounce on January 26, 2026, marking the first time the precious metal has surpassed the $5,000 threshold. The historic climb saw Goldrise 2.1% on the day, contributing to a total gain of 17% throughout January 2026. This rally comes as investors navigate significant weakness in the US Dollar USand mounting geopolitical tensions, alongside speculation that the United Statesand Japan JPmay engage in their first joint currency intervention in 15 years.

In the foreign exchange markets, the US Dollar / Japanese Yen USDJPYpair fell to 153.405, its lowest level since mid-November. The Yen in Japanstrengthened 1.5% in Europe on Monday, rallying across the board as it lifted off record lows against the Euro / Japanese Yen EURJPYand the Swiss Franc / Japanese Yen CHFJPY. It also moved away from multi-decade lows against the British Pound / Japanese Yen GBPJPY. This volatility follows rate checks conducted by the New York Federal Reserve in the United Stateson Friday, January 24, and statements from authorities in Japanconfirming close coordination with the United Statesregarding foreign exchange.