Last Updated on January 28, 2026 by Deon
The precious metals world has just reached an historic milestone. Wednesday, January 28th, 2026 Gold ALERT: At about noon, on Wednesday, January the 28th of year 2026; Gold busted through the $5,200.00 per-ounce glass ceiling and hit new all-time highs as a falling U.S. dollar’s global instability sent investors searching for a ―”safe harbor.”Gold is the undisputed headliner, but it’s not a one-metal show — Silver has been stealing some of the spotlight with an impressive 60% rally so far in 2020. This is more than just a market swing; it’s a “perfect storm” of economic policy and political conflict.
The “Comfortably Weak” Dollar
In an unusual move, President Trump indicated that he wasn’t worried about the dollar falling to its lowest level in four years. The administration seems to be welcoming a weaker dollar as part of an effort to make American exports more competitive in the world. It might increase trade, but it makes the dollar less attractive to hold, driving investors “into hard assets” like gold to defend their wealth.
Turbulence in Washington
The policy uncertainty is behind more than the currency strength. Recent coverage has focused on:
Tariff Threats: New threats against other nations have left global markets on edge.
The Federal Reserve: Repeated attacks on the Fed’s independence are unnerving investors about the future of traditional monetary policy.
Geopolitical tensions: Everything from trade skirmishes to international disputes have cemented the View Image ”Insurance policy’ status of gold”Boris Johnson announced his intention to go ahead with an election bid.View Origi.
All Eyes on the Fed
Interest rates The Federal Reserve is forecast on Wednesday to hold interest rates steady. But it’s the “fine print” where the real drama is. Markets are closely watching every utterance from the Fed for hints on when the next rate cut could occur. Because Gold doesn’t yield interest, it generally becomes more attractive to investors when the rates of return on things like savings accounts and bonds are anticipated to fall.
A Worldwide Buying Spree
The rally is not just about mom-and-pop investors. Many central banks are also hoarding gold at a record pace, as they diversify away from the dollar. Investing and Other Forms Nestled on top of a tremendous surge in infusion into ETFs (Exchange Traded Funds), the “yellow metal” is up nearly 20% for the year and many analysts believe this move is poised to just get underway.
