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Gold Surges to New Record Highs Above $4,800

Published January 21, 2026, 19:22
Gold Surges to New Record Highs Above $4,800

Gold prices hit a new record high above $4,800 an ounce on Wednesday, January 21st, driven by increased demand for safe-haven assets. Investors are flocking to gold amid fears of trade wars and tariffs promoted by the White House. This rally continues gold's successful run from 2025, boosted by geopolitical tensions, falling real interest rates, and the trend of central banks diversifying their reserves away from the dollar. Analysts predict further gains, with some estimating the price will exceed $5,000 this year, while Goldman Sachs forecasts a price of $4,900 by the end of the year and ICBC Standard Bank even higher, at $7,150.