Cyprus Times

Gold Breaks $5,000 Barrier for the First Time

Published January 26, 2026, 06:07
Gold Breaks $5,000 Barrier for the First Time

The price of gold surpassed the $5,000 per ounce mark for the first time in history, driven by geopolitical, trade, and monetary uncertainties stemming from the policies of Donald Trump. This upward trend has been ongoing for years, with the price significantly increasing from over $2,000 in January 2024. Gold is traditionally considered a safe-haven investment during times of uncertainty, and the recent surge reflects increased demand for the precious metal. The weakening of the dollar also contributes to the rise in gold's price, making it more attractive to investors.

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