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Gold blasts past $5,500/oz to record high on safe-haven demand
Spot gold jumped to a record above $5,500 an ounce on Thursday, extending a blistering rally as investors piled into the safe-haven metal amid geopolitical and economic uncertainties, while silver also notched an all-time high. Spot gold was up 2.9 per cent at $5,554.76 an ounce, as of 2343 GMT, after hitting a record $5,591.61 earlier in the day. Prices broke the $5,000 mark for the first time on Monday and have gained more than $500 over four sessions. "The gains are fuelled by sustained central bank buying, relentless momentum from trend-following funds, and strong flight-to-quality demand," IG market analyst ... (full story)
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- Jan 28, 2026 6:27pm Posted byFundamental Analysis289
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