Gold Price Surpasses Record $5,300 Amid Weakening Dollar, Fed Independence Concerns
Forbes·2026-01-28 15:42
ToplineGold smashed through another record price of $5,300 on Wednesday morning, continuing a rally that has lifted the price of the precious metal more than 20% in January after a record-breaking 2025, with analysts citing a weak dollar and concerns over the Federal Reserve’s independence.The price of gold surpassed $5,300 on Wednesday. (Photo by DAVID GRAY / AFP) (Photo by DAVID GRAY/AFP via Getty Images)AFP via Getty ImagesKey FactsThe price of gold is about $5,268.80 as of 10 a.m., up more than 3% but s ...