Gold Hits Fresh Record, Nearing $5,000
Barrons·2026-01-23 18:39

Gold prices surged to a fresh record, pushing closer to the 5,000anouncemilestoneonheightenedgeopoliticalrisks,economicuncertaintyandaweakerU.S.dollar.FuturesinNewYorkrose0.55,000-an-ounce milestone on heightened geopolitical risks, economic uncertainty and a weaker U.S. dollar.Futures in New York rose 0.5% to 4,939.20 a troy ounce after hitting 4,970earlierinthesession.Silverfuturesclimbed1.84,970 earlier in the session. Silver futures climbed 1.8% to 98.04 an ounce."The rally is being fueled by FOMO [fear of missing out], alongside continued focus on broader hard-asset-supportive drivers following a slight easing in U.S.-EU tensions," Saxo Bank analysts said. ...