Gold price dives below $5,000 as Trump’s Fed chair pick jolts the dollar

Gold prices plunged on Friday, dipping below $5,000 an ounce briefly as a stronger dollar triggered profit-taking after January’s sharp rally. Spot gold dropped 5.5% to $5,076.18 by 5:40 a.m. ET, hitting a low of $4,941.79 earlier. U.S. gold futures fell 4.7% to $5,104.31.

Federal Reserve · Gold · NYSE:UBS
Gold price today: Bullion whipsaws after $5,595 record — what traders watch next

Gold price today: Bullion whipsaws after $5,595 record — what traders watch next

Gold dipped on Thursday as investors cashed in profits following a record peak, stretching the recent bout of volatile swings at month-end; the metal remains roughly 24% higher for January. Spot gold slipped 1.3% to $5,330.20 an ounce by 1:30 p.m. ET, after hitting a high of $5,594.82 earlier and dropping to $5,109.62. U.S. gold futures closed down 0.3% at $5,318.40. Silver fell 2.1% to $114.141, while platinum and palladium slid 3.2% and 3.7%, respectively. “We are seeing a dramatic sell-off after precious metals made new recent all-time highs,” said David Meger, director of metals trading at High Ridge Futures.
29 January 2026
·
Gold breaks $5,400: Fed hold and Trump pressure keep investors piling into bullion

Gold breaks $5,400: Fed hold and Trump pressure keep investors piling into bullion

Gold surged past $5,400 an ounce late Wednesday, hitting a fresh high as investors continued snapping up the metal despite the Federal Reserve's pause on interest rates. Spot gold, for immediate delivery, rose 0.3% to $5,415.52 by 2246 GMT, after peaking at $5,418.39. IG analyst Tony Sycamore highlighted ongoing central-bank purchases and “flight-to-quality demand” driving the rally.
29 January 2026
·
Gold nears $5,400 as silver stays hot — and the “safe haven” trade gets a reality check

Gold nears $5,400 as silver stays hot — and the “safe haven” trade gets a reality check

Gold surged 4% on Wednesday, holding near $5,400 an ounce in late U.S. trading. The metal’s sharp rally has also pushed silver close to record levels and lifted other precious metals. Peter Grant of Zaner Metals noted the rally “has kind of taken on a life of its own,” even as Standard Chartered warned silver might face a short-term pullback.
28 January 2026
·····
Gold flirts with $5,400 as Fed, Trump headlines keep safe-haven bid alive

Gold flirts with $5,400 as Fed, Trump headlines keep safe-haven bid alive

Gold jumped 4% on Wednesday, closing in on $5,400 an ounce for the first time as investors bought the metal amid mounting economic and geopolitical uncertainty. Spot gold — the cash price for immediate delivery — was up 4% at $5,393.19 an ounce at 4:08 p.m. ET, while February U.S. gold futures, contracts for later delivery, settled 4.3% higher at $5,303.60.
28 January 2026
·
Gold price breaks $5,300 record before Fed decision, lifting GLD and miners

Gold price breaks $5,300 record before Fed decision, lifting GLD and miners

Gold prices surged past $5,300 an ounce on Wednesday, hitting a fresh record as the U.S. dollar hovered near multi-year lows ahead of the Federal Reserve’s policy announcement. Spot gold jumped 1.9% to $5,289.48 by 12:45 p.m. ET, after reaching $5,311.31 earlier. Meanwhile, U.S. gold futures for February climbed 4% to $5,286.50. The Fed’s decision is scheduled for 2 p.m. ET, with traders closely watching Chair Jerome Powell’s remarks for hints on future interest rate moves.
28 January 2026
···
Gold price breaks $5,300 record as dollar slides ahead of Fed decision

Gold price breaks $5,300 record as dollar slides ahead of Fed decision

Gold prices surged past $5,300 an ounce Wednesday, hitting a new record as the dollar hovered near four-year lows and investors sought refuge in bullion. Spot gold jumped 1.7% to $5,275.68, peaking at $5,311.31, while U.S. February gold futures soared 3.7% to $5,271.70. The metal has gained over 20% this year. “Any one of the candidates … will probably be less resistant than Powell to Trump’s demands,” said WisdomTree commodities strategist Nitesh Shah, following President Donald Trump’s announcement that he will soon pick a Fed chair.
28 January 2026
··
Gold breaks $5,300 as safe-haven rush lifts silver; India weighs import duty hike

Gold breaks $5,300 as safe-haven rush lifts silver; India weighs import duty hike

Gold broke through $5,300 for the first time on Wednesday as the U.S. dollar slid toward a near four-year low ahead of the Federal Reserve’s policy decision. Spot gold hit a record $5,311.31 and was trading around $5,305, while silver was at about $115 after touching $117.69 earlier this week. Kelvin Wong, a senior market analyst at OANDA, pointed to gold’s “very strong” inverse link to the dollar, while Tastylive’s Ilya Spivak said markets were “getting defensive” before Fed Chair Jerome Powell speaks later in the day. https://www.reuters.com/world/asia-pacific/golds-blistering-rally-continues-past-5200-dollar-plunges-4-year-low-2026-01-28/
28 January 2026
··
Gold breaks $5,300 as dollar hits 4-year low; mining stocks jump ahead of Fed call

Gold breaks $5,300 as dollar hits 4-year low; mining stocks jump ahead of Fed call

Gold broke through $5,300 for the first time on Wednesday as the dollar slid to near four-year lows after President Donald Trump called its value “great” and said he would soon name his pick to head the Federal Reserve. Spot gold rose 2.3% to $5,305.65 an ounce by 0832 GMT, after a record $5,311.31; U.S. February futures climbed 4.3% to $5,301.90. OANDA’s Kelvin Wong pointed to a “very strong” inverse link to the dollar, while Tastylive’s Ilya Spivak said markets were “getting defensive” ahead of Chair Jerome Powell, with the Fed expected to hold rates steady.
28 January 2026
···
Gold price breaks $5,100 record as dollar slips; Fed decision in focus

Gold price breaks $5,100 record as dollar slips; Fed decision in focus

Gold briefly soared past $5,100 an ounce on Monday, hitting a record high before pulling back. Spot gold climbed 1.42% to $5,053.37 after reaching $5,110.50. The dollar weakened ahead of the Federal Reserve’s expected decision to hold rates steady, as indicated by CME’s FedWatch tool. The dollar index dropped 0.22% to 97.01, and the yen gained ground as the dollar slid 1.05% to 154.09 yen. Meanwhile, the 10-year Treasury yield fell to 4.215%. Societe Generale analysts now forecast gold hitting $6,000 by year-end.
26 January 2026
···
1 … 3 4 5 6 7 … 14
Follow on Google News
Add as preferred source Open in Google News