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Gold hits record high

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Miltiades Schmidt
January 26, 2026

For the first time, gold has broken through the 5,000-dollar an ounce mark. And with geopolitical tensions on the rise, investors are flocking to the ultimate safe haven — pushing prices ever higher.

Soaring demand for gold is driving prices higher, from Dubai's Gold Souk to markets worldwide. Small investors are buying regardless of cost, while limited global production keeps supply tight. Growing uncertainty, erratic US policies and fading confidence in the dollar are pushing investors toward gold as a safe haven. Central banks in emerging economies are also boosting gold reserves, with little sign that the rally will end soon.

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