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28/01/2026 05:50 AST
Gold climbed on Tuesday, hovering just shy of the $5,100-per-ounce mark breached for the first time in the previous session, as uncertainty around US President Donald Trump's policymaking prompted investors to seek safety in bullion.
Spot gold rose 1.2% to $5,073.52 per ounce as of 1155 GMT. It hit an all-time high of $5,110.50 on Monday.
US gold futures ?for February ?delivery eased 0.2% to $5,071.20 per ounce, Reuters reported.
"The constant ?back ?and ?forth (on ?tariffs) by President Trump and the US administration, coupled with growing concerns around a military operation in Iran" are unlikely to curb safe-haven demand anytime soon, said Zain Vawda, analyst at MarketPulse by OANDA.
Gold has surged 18% so far in 2026, building on gains from last year due to factors including sustained safe-haven demand amid ?geopolitical and economic uncertainty, expectations of US rate cuts and robust central bank ?purchases. In trade news, Trump said on ?Monday he would hike ?tariffs on autos and other goods imported from South Korea. Meanwhile, ?the United States is "open for business" if Iran wishes to contact Washington, a US official said on Monday, after Trump renewed warnings to Tehran.
Deutsche Bank and Societe Generale anticipate gold prices to reach $6,000/oz in ?2026, highlighting the scope for further gains.
Market is now focused on the Federal Reserve's policy meeting starting on ?Tuesday, where it is expected to hold interest rates steady, while investors are also awaiting news on Chair Jerome Powell's replacement.
Spot silver jumped 7.4% to $111.59 an ounce, after hitting a record high of $117.69 on Monday. It has surged more than 50% so far this year.
"We expect prices to ease in the coming months as supply tightness eases and industrial demand for silver starts to peak with a slowing Mainland Chinese economy," BMI, a unit of Fitch Solutions, said in a note.
Spot platinum fell ?3.1% to $2,673.50 per ounce, after hitting a record $2,918.80 in the previous session. Palladium added 2.2% to $2,025.60.
Asharq Al Awsat
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Gold | 4,509.81 | 32.25 | 0.72 |
| Silver | 79.92 | 2.93 | 3.81 |
| Platinum | 2,286 | 13.5 | 0.59 |
| Palladium | 1,818.5 | 52 | 2.94 |
27/01/2026
Gold prices jumped to a new record high Monday, as escalating geopolitical tensions boosted demand for safe-haven assets, while silver and platinum also climbed to their highest levels ever.
QNA
26/01/2026
Gold blasted through the $5,000-an-ounce barrier for the first time, extending an extraordinary rally that has gripped global markets as investors seek refuge from geopolitical turmoil and financial
Khaleej Times
23/01/2026
Goldman Sachs has raised its end-2026 gold price forecast to $5,400 per ounce from $4,900/oz earlier, noting private-sector and emerging market central banks' diversification into gold.
Spot
Reuters
22/01/2026
Gold prices eased on Thursday after hitting a record high in the previous session due to the easing of geopolitical tension.
At the opening of the markets in Dubai on Thursday, 24K gold pric
Khaleej Times
22/01/2026
Gold surpassed $4,800 an ?ounce for the first time on Wednesday as geopolitical tensions including US President Donald Trump's bid to control Greenland drove safe-haven demand.
Spot gold was
Asharq Al Awsat
Financial Information Co.
Saudi Arabia