Spot gold breaks through $5000/ounce for the first time

On January 26th, spot gold broke through the integer mark of $5000/ounce for the first time in history, only about 100 days after it first broke through the $4000 mark on October 8th, 2025. Market analysis suggests that macroeconomic factors such as central banks increasing their gold purchases, geopolitical tensions, and economic uncertainty have driven up the price of gold.