Gold Prices Break Record: Over 5,000 Dollars!

Gold Breaks Historical Record

As of January 24, 2026, a significant development occurred in gold prices. The price of gold surpassed $5,000, breaking a new record. At 10:19 AM, gold traded at $5,092, showing a 2.14% increase, and reached as high as $5,106 during the day. Since the beginning of the year, the return has approached 18%, while in Turkey, the price of grams of gold surpassed 7,000 TL, starting to trade at 7,099 TL with a 2.21% increase.

Silver Prices Rising as Well

Silver prices, which are experiencing a parallel increase to gold, are also drawing attention. The price of silver per ounce is currently around $108.09, up by 4.55%.

Reasons for the Increase in Gold

The rise in gold prices appears to be influenced by U.S. policies. U.S. President Donald Trump's tough stance towards Western countries and the possibility of military intervention in Iran are driving investors to safe havens. Although Trump has taken a step back from threats of tariff increases against European allies, his statements regarding the possibility of imposing a 100% tariff if Canada continues its trade agreement with China continue to affect the markets.

Expert Opinions

Capital.com senior market analyst Kyle Rodda characterized this increase as a "crisis of confidence in the U.S. administration and its assets." Metals Focus Director Philip Newman noted that the potential for gold remains, forecasting that prices could reach $5,500 within the year.

Gains in Precious Metal Funds

Since the beginning of the year, gold and silver funds have become the highest-gaining fund category, with a 12.55% increase. However, it should be noted that mutual funds can only be bought and sold by qualified investors.

The information contained here does not constitute investment advice.