Gold and silver prices hit new all-time highs
26 January 03:31
The price of gold futures for delivery in January 2026 on the Comex exchange, a division of the New York Mercantile Exchange, hit a record high and reached $5,000 per troy ounce for the first time. This is according to data from the trading platform, as reported by "Komersant Ukrainian".
On January 26, as of 01:03, the price of the precious metal was $5,007.5 per troy ounce (0.49%).
According to Comex, the price of silver futures for delivery in January 2026 on this exchange hit a new all-time high, exceeding $105 per troy ounce.
As of 01:03 Kyiv time, the price of the precious metal was $105.25 per troy ounce (1.93%).
What affects the price of gold
Analysts note that gold is increasingly being viewed as a safe-haven asset amid growing geopolitical and financial risks.
“Gold is undergoing a constant revaluation as cracks appear in the rules-based order established after World War II. Investors increasingly view gold as a reliable hedge against these difficult-to-quantify regime change risks,” analysts explained in a comment to Bloomberg.
After the best annual result since 1979, bullion added another 15% at the beginning of this year. Additional pressure on the markets is being created by US President Donald Trump’s statements about the Federal Reserve, as well as the escalating situation around Venezuela and Greenland.
Against this backdrop, Goldman Sachs raised its year-end gold price forecast to $5,400 per ounce.
