Gold prices break historic five thousand dollar per ounce threshold

Gold prices reached a record high above five thousand dollars per ounce as geopolitical tensions and central bank buying drove intense safe haven demand.

Insights:
Gold spot prices rose 0.85% to reach $5,024.95 per ounce by 2341 GMT on January 26, 2026, marking the first time the metal has traded above the $5,000 threshold. In the United States USUS, gold futures for February delivery gained 0.91% to $5,024.60 per ounce. This historic milestone follows a massive 64% rally throughout 2025, with prices already up more than 16% year-to-date as of January 26, 2026.
A woman walks past a jewellery shop at the Grand Bazaar in Istanbul, Turkey, October 17, 2025. REUTERS/Dilara Senkaya
A woman walks past a jewellery shop at the Grand Bazaar in Istanbul, Turkey, October 17, 2025. REUTERS/Dilara Senkaya
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