Gold price today: Bullion whipsaws after $5,595 record — what traders watch next
Spot gold fell 1.3% to $5,330 an ounce after hitting a record $5,594, but remains up 24% for January. Silver, platinum, and palladium also declined. Traders cited profit-taking, Iran tensions, the upcoming Fed chair announcement by Trump, and Friday’s U.S. funding deadline. Global gold demand reached a record 5,002 metric tons in 2025, driven by an 84% jump in investment.