The price of gold exceeded $5,000 per ounce for the first time.

The price of gold reached a record high above $5,000 per troy ounce amid strong investor demand for safe assets. This was reported by the Reuters news agency on January 26.

It is noted that spot gold rose by 1.79% to $5,071.96 per ounce, having previously reached $5,085.50. Futures for February delivery in the United States rose by 1.79% to $5,068.70 per ounce.

According to the Bloomberg stock chart, the value of the precious metal continues to rise.

Canopy of gold: assets of Russian banks in precious metals have almost doubled

Why did the demand for gold increase dramatically in 2025 and will it be possible to make money on it this year?

Earlier in the day, Dmitry Gritskevich, Head of Banking and Financial Market Analysis at PSB, reported that the volume of precious metals and stones in the assets of the banking sector reached 607 billion rubles on December 1, 2025, an increase of almost 1.9 times since the beginning of the year. He noted that in 2024 the dynamics was restrained: the indicator even decreased from 425 billion to 325 billion rubles.

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