Gold price today, Monday, January 26: Gold opens above $5,000 for the first time

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Gold (GC=F) futures opened astatine $5,013.40 per troy ounce connected Monday, up 0.7% from Friday’s closing terms of $4,979.70. This was the archetypal clip the terms of golden opened supra $5,000.

Gold’s determination supra $5,000 follows a play menace by President Trump to levy a 100% tariff connected each Canadian imports if the U.S. neighbour “makes a woody with China.” While Trump’s Truth Social station isn’t specific, the menace apt relates to a commercialized concern Canada precocious announced involving Chinese electrical vehicles and Canadian cultivation products. The tariff menace is simply a alteration successful people for Trump, who had initially responded positively to quality of Canada’s statement with China.

Last week, Trump’s threats against U.S. European allies implicit Greenland contributed to gold’s emergence supra $4,900 per ounce. Instability successful U.S. overseas relations is simply a cardinal operator of safe-haven request for gold. It is besides a headwind for the worth of the U.S. dollar, which has moved into antagonistic territory for the year, per the US Dollar Index (DX-Y.NYB). The dollar is simply a competing plus for gold.

The opening terms of golden futures connected Monday roseate 0.7% from Friday’s close. Here’s a look astatine however the opening golden terms has changed versus past week, month, and year:

  • One week ago: +8.8%

  • One period ago: +11.1%

  • One twelvemonth ago: +81.7%

At 81.7%, gold’s one-year summation is the highest it has been successful 2025 and 2026.

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Learn more: Gold vs. crypto: Which should investors ain successful debasement trade?

The terms of golden tin beryllium quoted successful aggregate forms due to the fact that the precious metallic is traded successful antithetic ways. The 2 main golden prices investors should cognize astir are spot prices and golden futures prices.

Learn more: How to put successful golden successful 4 steps

The spot terms of golden is the existent marketplace terms per ounce for carnal golden arsenic a earthy material, sometimes called spot gold. Gold ETFs that are backed by carnal golden assets mostly way the golden spot price.

The spot terms is little than what you’d wage to bargain golden coins, bullion, oregon jewelry, since your full terms volition see a markup called the golden premium that covers refining, marketing, trader overhead, and profits. The spot terms is much similar a wholesale price, and the spot terms positive the golden premium is the retail price.

Learn more: Thinking of buying gold? Here's what investors should ticker for.

Gold futures are contracts that mandate a golden transaction astatine a circumstantial terms connected a aboriginal date. These contracts are exchange-traded and much liquid than carnal gold. They settee connected the declaration expiration day oregon earlier, either financially oregon via delivery. A fiscal currency colony involves paying the contract’s nett oregon nonaccomplishment successful cash. Delivery means the seller sends carnal golden to the purchaser for the contracted price.

Supply and request find golden spot prices and golden futures prices. Factors that power golden proviso and request include:

  1. Geopolitical events

  2. Central slope buying trends

  3. Inflation

  4. Interest rates

  5. Mining production

Learn more: Who decides what golden is worth? How prices are determined.

Whether you’re tracking the terms of golden since past period oregon past year, the price-of-gold illustration beneath shows the precious metal’s dependable upward ascent successful value.

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