💨 Abstract

The gold price hit a record $5,608.40 per ounce on January 29, 2026, and is expected to stay above $5,000 per ounce. Investment demand, driven by safe-haven seeking due to political uncertainties and geopolitical events, significantly boosted gold prices. Central bank demand and US dollar weakness also contributed. Jewelry demand slightly decreased due to higher prices, but technology demand remained steady.

Courtesy: Helmo Preuss