Philenews

Gold Surges Past $5,000 for the First Time Ever

Published January 26, 2026, 07:09
Gold Surges Past $5,000 for the First Time Ever

For the first time in history, the price of gold has surpassed the $5,000 per ounce mark, reaffirming its role as a safe haven investment. This surge is attributed to increasing geopolitical, trade, and monetary uncertainty, as well as the policies of President Donald Trump, which are fueling these concerns. Simultaneously, the weakening of the dollar is contributing to the rise in demand for gold. The price of gold has been steadily increasing in recent years, reflecting a trend among investors and central banks to turn to safe assets. The significant increase from January 2024, when the price was just above $2,000, highlights the rapid surge in the value of the precious metal.