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Home » Gold hits new record level…surpassing $5,300 an ounce – Saudi News

Gold hits new record level…surpassing $5,300 an ounce – Saudi News

adminBy adminJanuary 28, 2026 Investor No Comments2 Mins Read
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Gold rose to a new record high today above $5,300 an ounce. Demand for safe havens increases amid a weak dollar and geopolitical uncertainty, as it continues its historic rally.

Yesterday, gold prices hit a new record level, surpassing the $5,100 per ounce level and hitting $5,120 for the first time as it continues its historic rally on investors’ demand for safe-haven assets.

64% increase

The yellow metal grew 64% during 2025, supported by easing US monetary policy and increased demand from central banks, and witnessed a significant rally reaching $5,120 in the first month of 2026 as China extended its 14th month of gold buying wave in December and record inflows into exchange-traded funds.

historical level

Gold prices are witnessing an unprecedented and historic rise, posting a record 100% increase in one year. Ironically, this year was the first year of US President Donald Trump’s second term.

From January 2025 to present (January 2026), gold prices were influenced by a number of factors, as gold is considered a safe haven given geopolitical tensions and investor demand for safe assets, in addition to varying expectations regarding US interest rates.

Gold rose to a new record level today, above $5,300 per ounce. The historic rally continues on the back of increased demand for safe havens, a weakening dollar and geopolitical uncertainty.

Yesterday, gold prices continued their historic rally with investors flocking to the safe-haven asset, surpassing the $5,100 per ounce level and hitting $5,120 for the first time in history, setting a new record.

64% increase

Buoyed by easing US monetary policy and increased demand from central banks, the yellow metal rose 64% in 2025, with China extending its gold buying for a 14th consecutive month in December, and record inflows into exchange-traded funds, leading to a strong rally to hit $5,120 in the first month of 2026.

history level

Gold prices have experienced unprecedented and historic increases, ironically posting a record 100% increase in one year during the first year of President Donald Trump’s second term.

Gold prices have been influenced by a variety of factors from January 2025 to now (January 2026), acting as a safe haven amid geopolitical tensions, investor demand for safe-haven assets, and varying expectations regarding US interest rates.



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