Gold prices jump as investors seek safety despite Federal Reserve decision to hold interest rates

Gold prices surged nearly 4 percent on Wednesday as investors sought safe-haven assets. The rally comes as the Federal Reserve maintains steady interest rates.

洞察:
On January 28, 2026, spot gold prices jumped 4 percent to reach $5,393.19 an ounce by 4:08 p.m. ET (2108 GMT). This sharp increase saw gold approaching the $5,400 mark as investors in the US USUSand globally sought protection against economic and geopolitical uncertainty. Simultaneously, USgold futures for February settled 4.3 percent higher at $5,303.60. The precious metal has now gained more than 25 percent since the start of the year, building on record gains achieved last year.
A saleswoman sits inside a Senco Gold & Diamonds jewellery showroom in Kolkata, India, January 28, 2026. REUTERS/Sahiba Chawdhary
A saleswoman sits inside a Senco Gold & Diamonds jewellery showroom in Kolkata, India, January 28, 2026. REUTERS/Sahiba Chawdhary
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