Wednesday 28/January/2026 – 03:53 AM
rose Gold price Above $5,200 an ounce today, Wednesday, to a record level, continuing a historic rise as economic and geopolitical uncertainty led to increased demand for the yellow metal, which is considered a safe haven, according to Reuters.
High price of gold
This strong rise was driven by escalating geopolitical tensions, especially the growing dispute between the United States and NATO over the island of Greenland, which reinforced investors’ fears and prompted them to increase their demand for gold as a safe haven in times of instability.
This rise comes as part of a series of sharp jumps that gold has witnessed locally and globally over the past few days, in light of the sharp fluctuations witnessed in the global financial markets, which has strengthened the demand for the yellow metal as a hedging tool.
