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Gold scales $5,000 on safe-haven rush

Business World Philippines

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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.

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.

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