Gold breaks new ground as safe-haven surge continues

January 27, 2026

TL;DR

Gold prices surpassed $5,100 per troy ounce for the February 2026 futures contract on Comex.
The rally is attributed to market turmoil, global tensions, and policy shifts, including actions by the Trump administration.
Precious metals are seen as safe-haven assets during market turbulence, with gold rising over 60% and silver 150% in the past year.
A declining US dollar has lowered the cost of gold for international investors.
Russia has experienced significant financial gains from the gold price surge, boosting its reserves.
Analysts predict gold could reach $6,000 this year, while some Russian experts foresee a rise to $10,000 within three to four years.

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