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

MarketWatch Published Updated Stocks
Sign in to save

Affected assets and topics

MARKET

Why it 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.

Expected market reaction

Bullish Confidence 80% How confidence is read Horizon: Short term Impact: Moderate

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

Evidence trail

Evidence
Source MarketWatch
Claim Gold now costs more than $5,000 an ounce. Here’s how it got to this milestone price.
AI inference Bullish · 80%
Generated 2026-01-25 23:29

AI provenance

Analysed by Llama 3.1 8B Instant (Groq) Methodology v1.0 Generated
Technical identifiers
Provider tag
groq-llama-3.1-8b-instant
Analysis version
groq-llama-3.1-8b-instant
Article id
36938

Original source

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.

Read the full article on MarketWatch

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

Related coverage