The price of gold passed $5,300 USD per ounce for the first time on 28 January, 2026. The gold price had surpassed $5,200 USD per ounce for the first time earlier in the day on 28 January (GMT).

[Gold spot price chart from the World Gold Council shown in GMT.]
Gold $5,300 news
Gold’s extends rally above $5,300 as dollar slides
“Gold broke through $5,300 for the first time on Wednesday as the dollar plunged to a near four-year low, ahead of a Federal Reserve monetary policy decision.
Spot gold climbed 2.3% to $5,305.65 per ounce, as of 0832 GMT, after hitting a record high of $5,311.31. It has gained more than 20% since the start of the year.”

Gold extends record-setting rally towards $5,300 ahead of Fed

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