For a few days, the price of the metal fell below five thousand dollars and even reached $4400.

Photo: Osaka / Wayne Studio / Getty Images
The price of gold is again above $5000 per ounce. Futures were trading at $5100 per ounce a few hours ago, now the price has dropped to $5083.

Throughout 2025, gold rose by 64 percent; at the beginning of 2026, the growth was almost 20 percent.
So, in mid-December 2025, the metal cost $4500 per ounce. Last Monday, January 26, gold reached the $5000 mark and continued to rise at a frantic pace: Tuesday - $5100, Wednesday morning - $5200, Wednesday (day) - $5300, on Thursday it approached $5600, but then the fall began.
Donald Trump announced his intention to nominate Kevin Warsh as head of the Federal Reserve System. Warsh is known for his tough stance on fighting inflation, and markets perceived this as the end of expectations for a weak dollar. The American currency significantly strengthened, which automatically hit gold.
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