January 23, 2026
Article from Yahoo Finance by Yihui Xie and Jack Ryan
Article Synopsis
Gold surged toward its best week in six years, hitting a record near $4,967 an ounce as geopolitical tensions and concerns over the Federal Reserve’s independence drove investors into safe havens, while a weaker dollar made precious metals more attractive. Silver also reached an all-time high near $100, fueled by a short squeeze, strong retail demand, and supply concerns, with platinum and palladium posting records as well. Analysts say the rally reflects a broader shift away from sovereign bonds and currencies toward metals amid rising global instability, though short-term volatility remains high.
