-
Why Gold Is Going Up? XAU Price Today Climbs for 7th Straight Session as Trump Weakens the Dollar
Gold price hit a fresh all-time high of $5,311 per ounce on Wednesday, January 28, 2026, marking its seventh consecutive session of gains. The yellow metal is trading at $5,200.73 at time of writing, up 1.8% on the day, as the US dollar plunged to four-year lows ahead of a crucial Federal Reserve meeting. In this article, I examine why gold is surging and checking what the XAU/USD chart shows. Over just seven trading sessions, gold has surged more than 15% - nearly matching the entire 2025 return of the S&P 500 index. The metal is now up 22% over the past month and has gained 91% since the start of 2025. This ... (full story)