January 21, 2026, 09:45January 21, 2026, 09:45
The price of gold has continued to rise and is heading for the $5,000 mark after another record high. A troy ounce (around 31.1 grams) of the yellow precious metal cost a peak of $4,878 in early trading on Wednesday, more than ever before.
Only about a week ago, gold reached its previous record price.Image: keystone
Most recently, the price rose 2.2 percent to $4,867, extending the annual increase to almost 13 percent. Gold was already one of the most sought-after asset classes last year. The price had risen by 65 percent, the highest since 1979. Price drivers last year included, among other things, the many sources of conflict around the world.
Political tensions also caused price gains in 2026. Experts attributed the gains in the first trading days of the year primarily to the situation in Iran and US President Donald Trump’s recent tariff threats against some European countries in connection with Greenland.
Many investors consider precious metals – especially gold – to be safe havens in times of political uncertainty. (sda/awp/dpa)
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