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Gold Came as Close as It's Ever Been to $5,000 Today. Why—and What's Next?
Investopedia· 2026-01-21 20:25
Key Takeaways There's nothing like a potential crisis to brighten the shine on gold. Spot gold prices rallied to fresh highs on Wednesday, coming within dollars of $4,900 per ounce and leading investors and media to wonder when we might touch $5,000 for the first time. While U.S. stocks shook off Tuesday's scare as affairs involving U.S. President Donald Trump, his European counterparts, and Greenland seemed to cool—Liberation Day déjà vu still drove investors to assets that hedge geopolitical uncertainty. ...