Gold Prices Hit Record High, Surpassing US$5,100 per Ounce Amid Geopolitical Tensions

Tashkent, Uzbekistan (UzDaily.com) — The market price of gold has reached a new historic peak, exceeding US$5,100 per ounce for the first time.

On the morning of January 26, the precious metal hit US$5,110.50 per ounce. Silver and platinum markets also recorded historic highs alongside gold.

In 2025, the price of gold surged by 64%, marking the largest annual increase since 1979.

Key factors behind this rapid growth include strong demand for gold as a safe-haven asset, easing of U.S. monetary policy, active purchases by central banks, and record inflows into exchange-traded funds. Since the beginning of 2026, gold prices have already risen more than 18%.

Analysts forecast further increases in gold prices, potentially reaching US$6,000 per ounce in 2026, citing ongoing international instability, economic uncertainty, and strong demand from both central banks and retail investors, according to Reuters.

The rise in precious metal prices reflects continued volatility in global financial markets and underscores gold’s enduring role as a key instrument for capital protection.