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Gold scales $5,000 on safe-haven rush
Business World Philippines
|January 27, 2026
GOLD surged to a record high above $5,000 an ounce on Monday, extending a historic rally as investors piled into the safe-haven asset amid rising geopolitical uncertainties.
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Spot gold climbed 1.5% to $5,058.09 per ounce by 0544GMT, after touching an all-time high of $5,092.71 earlier. US gold futures for February delivery gained 1.6% to $5,056.60 per ounce.
The metal soared 64% in 2025, its biggest annual gain since 1979, driven by safe-haven demand, US monetary policy easing, robust central bank purchases including China’s fourteenth straight month of buying in December, and record inflows into exchange-traded funds.
Prices have risen more than 17% this year.
This story is from the January 27, 2026 edition of Business World Philippines.
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