NYSE:NEM 21 January 2026 - 30 January 2026

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. An Economist analysis called the move part of a “debasement trade” — investors worried about fiscal splurges, fraught geopolitics and weakening institutions dumping bonds and dollars and buying gold. It said bullion is up more than 17% this year and first rose above $5,000 an ounce on Jan. 26, averaging a 0.6% daily gain on 27 stock sell-offs since April 2 last year. Holdings in gold exchange-traded funds, which let investors buy exposure to metal like a stock, have risen above 4,000 tonnes, with Asia-based ETF holdings more than tripling over two years to 460 tonnes.

New York, January 26, 2026, 17:07 EST — After-hours 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.

New York, Jan 26, 2026, 06:00 — Premarket Gold prices surged past $5,100 an ounce on Monday, reaching a new high as investors flocked to bullion and precious metals for safety. Spot gold climbed 2.2% to $5,093.96 by 0841 GMT, after briefly hitting $5,110.50. U.S. February gold futures also rose 2.2%, settling at $5,090.40. Silver jumped to a record $110.06, while platinum touched a fresh peak of $2,897.35.