Gold breaks record
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Gold prices extended their record run on Thursday (January 29), moving closer to the $5,600-per-ounce mark as investors increased allocations to safe-haven assets amid geopolitical tensions, policy uncertainty and macroeconomic stress.
Buying the precious metal has become the antidote for market jitters.
Wall Street analysts expect the gold rally to continue as investors pile in because of mounting geopolitical uncertainty and economic concerns.
Gold was trading 2.1% higher at $5,511.79 an ounce, after touching a fresh all-time high of $5,591.61 earlier in the session.
Gold and silver prices keep notching fresh records. The question now facing investors is whether the surge reflects genuine demand.
The price of the precious metal jumped above $5,000 per ounce over the weekend and continued hitting record highs this morning.
A very active and uncertain geopolitical environment at present is driving unprecedented safe-have demand for gold and silver. This situation is not likely to ch
Investors seek safe haven in precious metal, while Japan’s government spooks money markets with tax-cuts pledge
It’s been a long journey for gold and silver to reach their highest levels on record, but the steep climb for both over the past 12 months has been a notable one — marked by significant, market-moving events,
Deutsche Bank said on Tuesday that gold could climb to $6,000 per ounce in 2026, citing persistent investment demand as central banks and investors increase allocations to non-dollar and real assets.