Gold Continues Its Historic Surge, Driven by Demand for Safe Havens
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Gold Prices Rise Above $5,000 Per Ounce
Gold prices continued to climb on Tuesday, January 27, 2026, having crossed the $5,100 per ounce mark for the first time during the previous session. This surge is attributed to strong demand for safe-haven assets. Silver was also trading near its historical highs.
Gold Exceeds $5,000 per Ounce
In the spot market, gold increased by 1%, settling at $5,065.07 per ounce after reaching a record high of $5,110.50 on Monday. Conversely, U.S. gold futures (February delivery) dropped by 0.4% to $5,059.90 per ounce, as profit-taking occurred following the recent surge.
Significant Rise in Silver
Simultaneously, silver jumped by 5.2% in the spot market, reaching $109.22 per ounce, after setting an all-time high of $117.69 in the previous session. This trend confirms the growing appeal of precious metals among investors.
Decline in Platinum and Palladium
With respect to other precious metals, platinum fell by 2.5% to $2,658.19 per ounce, after hitting a record of $2,918.80 the day before. Palladium also decreased, down 1.3% to $1,956.31 per ounce.
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