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Gold Hits Record High Amid Geopolitical Tensions

Published January 12, 2026, 11:16
Gold Hits Record High Amid Geopolitical Tensions

Gold prices reached a record high on Monday, January 12th, surpassing $2,100 per ounce, driven by increased demand for safe-haven assets amid geopolitical and political turmoil. The rise is partly attributed to tensions in Iran and Ukraine, as well as concerns about a potential leadership change at the U.S. Federal Reserve and its impact on interest rate policy. The investigation into Fed Chairman Jerome Powell and the possibility of his resignation are adding to the uncertainty. Analysts predict that heightened geopolitical uncertainty will continue to push gold prices higher.