US EditionGold Price Surpasses Record $5,300 Amid Weakening Dollar, Fed Independence Concerns
Gold prices jumped over 20% in January 2026, driven by a weak U.S. dollar and concerns about the Federal Reserve's independence, analysts said.
- Gold surged past $5,300 on Wednesday, reaching a new intraday high and continuing a rally that lifted the metal more than 20% in January.
- Analysts cited a weak dollar that weakened to a four‑year low and concerns about the Federal Reserve’s independence, prompting increased gold allocations among retail investors.
- Silver is trading around about $114.90 as of 10 a.m., supported by industrial demand, while Deutsche Bank said gold could surpass $6,000 this year.
- Goldman Sachs lifted its year‑end gold forecast to $5,400, as gold surpassed $5,300, reflecting shifting institutional forecasts amid economic uncertainty.
- Tighter Chinese silver controls and geopolitical hotspots may sustain upward pressure, Maybank analysts said, while Carsten Menke linked gains to political power games and dollar weakness.
23 Articles
23 Articles
Gold crosses Rs551,500/tola on economic, geopolitical uncertainty
Gold prices in Pakistan surged to an all-time high on Wednesday, crossing Rs551,500 per tola, following a sharp rally in global bullion markets where gold topped $5,300 per ounce for the first time. The surge was driven by economic uncertainty, a weakening US dollar, and investor concerns over the independence of the Federal Reserve ahead of its policy announcement. In the local market, gold per tola jumped Rs21,100 to Rs551,662, according to th…
Gold price soars to $US5300, but will Aussie dollar rally continue?
The price of gold has continued to soar, hitting $US5300 an ounce overnight, driven by a plunging US dollar and geopolitical uncertainty.The greenback slumped to its lowest value in nearly four years after US President Donald Trump declared this week he was not worried about the value of the American currency.Adding to concerns on financial markets has been Trump's decision overnight to send a huge naval force towards Iran, and threatening an a…
Gold hits record $5,311 as dollar falls ahead of Fed decision | Honolulu Star-Advertiser
Gold prices climbed above $5,300 per ounce for the first time today, driven by economic uncertainty and a weakening U.S. dollar, as investors awaited the Federal Reserve’s policy decision amid increasing concerns over its independence.
In the changeover from the euro to the dollar, it continues to grow stronger and is around $1.20.
Gold Surges Above $5,300 to Record High as Dollar Slides
Gold prices surged to a fresh all-time high above $5,300 an ounce on Jan. 28, extending a powerful rally fueled by a weaker U.S. dollar, rising geopolitical risk, and growing expectations that U.S. interest rates will move lower in the months ahead. Spot gold climbed more than 1.5 percent to $5,260.28 an ounce by 7:14 a.m. EST, according to TradingView, after touching a record $5,311.31 earlier in the session. Prices had already gained more than…
Gold Rallies To $5,300, Memory Stocks Go Wild: Markets Today - Automatic Data Processing (NASDAQ:ADP)
Wall Street posted modest gains on Wednesday, while gold extended its relentless rally, shattering records above $5,300 an ounce ahead of the Federal Open Market Committee meeting.
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