Gold price today, Thursday, January 29: Gold rises to nearly $5,600

Group 1 - Gold futures opened at $5,415.70 per troy ounce, marking a 2.1% increase from the previous day's closing price of $5,303.60, with early trading reaching $5,586.20 before settling around $5,500 [1] - Year-to-date, gold has gained over 26%, driven by a shift of investments from currencies and government securities to tangible assets like gold [2] - Recent geopolitical tensions, including threats of higher tariffs and military action from the U.S. government, have increased investor interest in gold as a stable asset [3] Group 2 - The current price of gold reflects significant increases over various time frames: +13% from one week ago, +23.9% from one month ago, and +95.6% from one year ago [8] - The gold industry is experiencing its highest one-year gain in 2025 and 2026, indicating strong market performance [4]