Gold price nears $5,000 again as banks lift forecasts; traders eye Fed next week
NEW YORK, January 23, 2026, 13:40 (EST) — Regular session. Share prices pushed higher on Friday, printing another all-time high and hovering just below $5,000 an ounce as a softer dollar and a run of geopolitical headlines kept safe-haven demand in play. Spot gold was up 0.8% at $4,976.63 an ounce after touching $4,988.16; the dollar index was down about 0.6%. (Investing.com) The move matters now because bullion is testing a round-number threshold that tends to draw in momentum money and force reluctant shorts to rethink. Lower U.S. interest-rate expectations also help: gold pays no interest, so the metal usually