Keyword → dollar weakness

Gold Surges Past $5,100 Per Ounce as Trade Chaos and Dollar Weakness Drive Safe-Haven Demand

Gold prices climbed above $5,100 per ounce on Monday as investors fled to safe-haven assets following President Trump's announcement of a 15% global tariff and the resulting uncertainty over the future of U.S. trade policy. The dollar fell against major currencies including the yen, euro, and Swiss franc, amplifying gold's move higher, while silver surged to approximately $85 per ounce. Mining stocks and precious metals ETFs rallied sharply, outperforming a broadly weaker equity market.

Gold Prices Reach New Heights as Dollar Weakness Bolsters Safe-Haven Demand

Gold prices climbed to record levels above $5,300 per ounce on January 28, 2026, as the U.S. dollar weakened to multi-year lows. The surge in precious metal demand was driven by safe-haven flows amid currency market volatility and geopolitical uncertainty, with investors reallocating capital toward commodities. Broader market dynamics including central bank commentary and risk sentiment also contributed to the metal’s rally.