Gold now costs more than $5,000 an ounce. Here’s how it got to this milestone price.

Market Intelligence Analysis

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Why This Matters

Gold has reached a record high of over $5,000 an ounce, driven by significant market-moving events, including actions by President Donald Trump, over the past 12 months.

Market Impact

Market impact analysis based on bullish sentiment with 80% confidence.

Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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It’s been a long journey for gold and silver to reach their highest levels on record, but the steep climb for both over the past 12 months has been a notable one — marked by significant, market-moving events, with many of those tied to actions by President Donald Trump.

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Original article published by MarketWatch on January 26, 2026.
Analysis and insights provided by AnalystMarkets AI.