Gold price today, Wednesday, January 28: Gold sets new record above $5,300

Group 1: Gold Price Movement - Gold futures opened at $5,179 per troy ounce, marking a 1.1% increase from the previous closing price of $5,120.60, and surged over $5,300 in early trading [1] - The one-year gain of gold is 89.2%, representing its largest one-year gain in 2025 and 2026 [4][7] Group 2: Factors Influencing Gold Demand - A weaker U.S. dollar, which has declined over 2% in the last five days and nearly 11% in the last year, makes gold more affordable and boosts demand [2][3] - Evolving U.S. foreign relations and domestic political pressures, including tariff threats and investigations into the Federal Reserve Chair, may be contributing to a shift away from U.S. dollar reserves, benefiting gold [2] Group 3: Investment Options in Gold - Common ways to invest in gold include physical gold, gold mining stocks, gold ETFs, and gold futures [5][8] - Each investment option has its pros and cons, such as liquidity, volatility, and storage requirements [10][12][19][20]