The price of gold reaches historic levels

2026-01-23 09:21:23Biznes SHKRUAR NGA REDAKSIA VOX
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The price of gold rose near the symbolic level of $5,000 per ounce, as rising geopolitical risks and repeated attacks on the Federal Reserve's independence fueled a historic rally in the precious metal.

On Tuesday, gold hit a new record high above $4,967 an ounce, posting a weekly gain of nearly 8%. The rise was supported by a weakening U.S. dollar, which is heading for its worst weekly performance in seven months, making the precious metal more attractive to global investors.

Other metals also hit record highs. Silver climbed near $100 an ounce, while platinum also hit a record high, reflecting increased demand for safe-haven assets in an increasingly uncertain environment.

According to analysts, gold's strong rise is being driven by a combination of factors, including a weakening dollar, geopolitical tensions related to Greenland and political pressure on the Federal Reserve.

Yuxuan Tang, head of macroeconomic strategy for Asia at JP Morgan Private Bank, points out that gold is constantly being revalued as “cracks are appearing in the post-World War II rules-based international order,” increasingly seen by investors as a reliable shield against the hard-to-measure risks associated with regime change and global instability.


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