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

Gold (GC=F) futures opened at $5,179 per troy ounce on Wednesday, up 1.1% from Tuesday’s closing price of $5,120.60. This was gold’s first open above $5,100 per ounce, and the yellow metal’s price then surged over $5,300 in early trading. Gold set new records after President Trump brushed off concerns about the U.S. dollar’s latest decline, describing the dollar as “great.” The U.S. Dollar Index (DX-Y.NYB) is down over 2% in the last five days and nearly 11% in the last year. Evolving U.S. foreign rela ...