economy
January 20, 2026
Gold hits record high
Gold prices rose by more than 60% in 2025, partly due to concerns about global tensions and economic volatility
TL;DR
- Gold futures surpassed $4,720 per troy ounce, reaching a new all-time high for the February 2026 contract.
- Gold and silver prices have surged over the past year, with gold rising over 60% in 2025.
- The rally is attributed to geopolitical tensions, including US President Donald Trump's threat of tariffs on European countries opposing his Greenland acquisition bid.
- The EU has vowed countermeasures, including potential revival of retaliatory tariffs and use of the Anti-Coercion Instrument.
- The IMF warned that tariff disputes could escalate into a trade war, negatively impacting global economic growth.
- Investor expectations of Federal Reserve interest rate cuts in 2026, a weakening US dollar, and central banks increasing gold reserves are boosting demand.
- Gold's allure as a safe haven is heightened due to concerns over US trade and geopolitical policies.
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