The metal rally reaches new heights! Silver surpasses $100 for the first time, gold approaches $5,000, and London copper reclaims the $13,000 mark.
On Friday, the 23rd, the global metals market witnessed a new wave of surging prices. Both New York silver futures and London spot silver breached the $100 mark for the first time in history. Gold extended its record-breaking streak to five consecutive trading sessions, moving closer to the $5,000 threshold. London copper rebounded above $13,000, nearing the intraday high set earlier this month. Other precious and industrial metals also experienced sharp gains. During the early session of the U.S. stock market on Friday, platinum and palladium futures in New York surged over 6% and approximately 7%, respectively, while industrial metals such as LME nickel and tin both rose more than 4% during the day. This rally was driven by multiple factors, including the weakening of the U.S. dollar and large-scale outflows of investor funds.
Express News | Golden Morning Briefing | Overview of Key Overnight Developments on January 24
Brazil to Implement Visa-Free Travel for Chinese Citizens; International Silver Prices Break Through the $100 Mark | Global Market
①Lula announced that Brazil will implement a visa-free policy for Chinese citizens; ②The Trump administration is considering a complete blockade of Cuba's oil imports; ③The United States announced a new round of sanctions against entities and oil tankers related to Iran.
Gold prices rose by 1%, breaking their previous record high, and are now approaching the $5,000 per ounce threshold.
The upward trend in gold prices continues, with spot gold nearing the significant threshold of $5,000 per ounce. Supported by strong buying interest and fundamental factors, silver prices surpassed $100 per ounce for the first time. Spot gold rose 1% to $4,987.5 per ounce. February gold futures increased by $69.7, or 1.4%, to $4,983.1 per ounce. March silver futures surged 7.2% to $103.26 per ounce. March copper futures climbed 2.7% to $5.94 per pound. April platinum futures advanced 7.6% to $2,773.2 per ounce. March palladium futures gained 6.2% to $2,047 per ounce.
Gold prices once surged above USD 4,990, hitting a record high, with a weekly increase of over 8%.
Gelonghui, January 24th | At the New York market close on Friday (January 23rd), spot gold rose by 1.04% to $4,987.49 per ounce. At 05:58 Beijing time, it surged to $4,990.89, hitting a record high. For the week, it accumulated a gain of 8.52%. COMEX gold futures increased by 1.42% to $4,983.00 per ounce, reaching a new all-time high of $4,991.40 at 03:54 (in electronic trading), also setting a historical record. This week, it gained a total of 8.46%.
Gold Races Toward $5,000 as Silver Hits a Record $100
Express News | Spot prices of gold and silver have retreated in the short term.
Not just $5,000! Bank of America predicts gold prices will surge to $6,000 by the spring of 2026.
As the market widely anticipates gold prices reaching the once seemingly unattainable level of $5,000 per ounce, Bank of America (hereinafter referred to as "BofA") has raised its short-term gold price target to $6,000 per ounce — marking the most aggressive forecast for the precious metal among major mainstream institutions. In a note to clients, BofA analyst Michael Hartnett wrote: "While history cannot predict the future, reviewing four past gold bull markets shows that prices surged by an average of approximately 300% over 43 months. Based on this trend, gold could reach $6,000 by the spring of 2026."
Express News | Silver prices surpass the $100 milestone as geopolitical turmoil and expectations of interest rate cuts drive precious metal prices to new highs.
The gold price is only a step away from $5,000 per ounce, prompting investors to sell off U.S. assets.
During the early U.S. trading session on Friday (January 23), spot gold futures once again hit a record high, reaching $4,988.07, just shy of the closely watched $5,000 mark. This week has seen a significant surge in gold prices, driven by a combination of geopolitical turmoil and waning confidence in U.S. assets, creating a 'perfect storm' that has prompted investors to flock to gold as a safe haven. To understand the current trend in the gold market, one must look back to Monday. At that time, U.S. stock markets experienced a sell-off due to certain news developments, which quickly evolved into a broad-based shift toward traditional safe-haven assets, with gold being the clear
German lawmakers have again raised the issue of gold repatriation: Trump's policies are unpredictable, and keeping the gold in New York is no longer acceptable.
① German lawmakers have proposed repatriating gold reserves stored in the United States to reduce strategic risks, citing the "unpredictable" policies of U.S. President Trump; ② The German central bank holds 1,236 tons of gold at the New York Federal Reserve, valued at approximately $180 billion, with some lawmakers and experts believing the current geopolitical environment no longer justifies storing large amounts of gold overseas.
Express News | Spot gold surged to a record high, reaching $4,980 per ounce.
Gold prices approach the $5,000 mark, while silver surpasses $100 for the first time, reaching a new high.
The upward trend in gold prices continues, with spot gold gradually approaching the significant threshold of $5,000 per ounce. Supported by strong buying interest and fundamental factors, silver prices surpassed $100 per ounce for the first time. Spot gold rose 0.4% to $4,956.8 per ounce. February gold futures increased by $42 or 0.9% to $4,955.4 per ounce. March silver futures climbed 3.8% to $100.06 per ounce. March copper futures advanced 2.7% to $5.94 per pound. April platinum futures surged 6% to $2,730.4 per ounce. March palladium futures jumped 7% to $2,062 per ounce.
Behind the new records for gold and silver: Are commodities at an 'epic starting point' surpassing stocks and bonds?
① On Friday (January 23), investors in global markets may all be focusing on whether "spot gold will break through the $5,000 mark first" or "spot silver will surpass the $100 threshold first"; ② Renowned macro strategist Simon White stated that this could signal the dawn of a new era where commodities overshadow other financial assets...
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The collapse of geopolitical rules and the validation of industrial demand point to a gold price target of 5365.
During the Asian and European trading sessions on Friday (January 23), spot gold experienced a minor upward movement followed by a pullback, maintaining a narrow range fluctuation while holding onto most of Thursday's gains. On Thursday, gold initially fell by 1.5% due to easing tensions over Greenland and U.S.-Europe tariff issues but resumed its upward trend during the New York session, ultimately closing 2.18% higher. Market enthusiasm for precious metals remains strong, with gold exhibiting resilience against bearish factors and attracting buying interest whenever a decline occurs. This article briefly summarizes the key factors influencing gold prices recently. A new geopolitical narrative has emerged, with the global system of geopolitical trust nearing collapse. For decades, the post-war order was built on the consensus that 'power is bound by rules,' particularly concerning national sovereignty.
Gold experiences a sudden pullback! The easing of geopolitical risks and technical overbought conditions trigger 'profit-taking' warnings.
During the European trading session on Friday (January 23), spot gold prices fluctuated downward, currently trading near $4,920 per ounce, after reaching a record high of $4,967.19 per ounce during the Asian session, with an intraday decline of approximately 0.31%. The easing of geopolitical tensions following President Trump's shift in stance on the Greenland issue led to a partial retreat in safe-haven buying, pressuring gold prices downward. Not only did Trump retract the threat of imposing additional tariffs on eight European countries, but he also ruled out the possibility of using military force to seize Greenland. This shift has generally maintained positive market sentiment, which may weaken demand for traditional safe-haven assets. Meanwhile, the US Dollar Index
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Gold and silver soar together, while Bitcoin and the US dollar sink in unison.
Since 2022, the Federal Reserve has implemented quantitative tightening, withdrawing $1.5 trillion in reserves and curbing speculative inflows into risk assets such as Bitcoin.