Precious metals reach historic highs as gold nears five thousand dollars
Precious metals reached historic highs on January 23 as gold neared five thousand dollars. Investors are seeking safe havens amid global structural changes.
Insights:
Today, January 23, 2026, precious metals markets witnessed a historic surge as prices reached unprecedented levels across the complex. Spot Gold climbed to a record high of $4,967.03 per ounce before steadying to close at $4,931.28 per ounce by 1332 GMT. This rally was mirrored in the futures market, where US 
USgold futures for February delivery added 0.4% to settle at $4,934.20, reflecting a significant pivot toward safe-haven assets.
USgold futures for February delivery added 0.4% to settle at $4,934.20, reflecting a significant pivot toward safe-haven assets.
