Name: Gold Nears $5,600 as Safe-Haven Rush Intensifies
Uploaded: 2026-01-29T17:22:22.000Z
Description: Silver came within a whisker of breaching the $120 mark.

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Spot gold extended its record-breaking rally on Jan. 29, edging closer to the $5,600-per-ounce level as investors sought safety amid geopolitical and economic strains, while silver came within a whisker of breaching the $120 mark.

Prices jumped past the $5,000 mark for the first time on Jan. 26 and have gained more than 10 percent so far this week, driven by a cocktail of factors including strong safe‑haven demand, firm central bank buying, and a weaker dollar.

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