Gold ($XAU) Commodity Forecast: Up 6.4% Today

What is Gold?

Gold, a precious metal known for its value and stability, experienced a strong bullish movement today amidst market uncertainties and a weakening US dollar.

Why is Gold going up?

XAU commodity is up 6.4% on Jan 28, 2026 23:40

• Gold surged over 2% to nearly $5,300 per ounce, hitting record highs as a weaker US dollar and policy uncertainties fueled demand for safe-haven assets.
• President Trump's comments downplaying the dollar's decline and ongoing tariff threats, along with the Federal Reserve's steady stance on interest rates, contributed to the rally in gold.
• The market movement was also supported by central bank buying, ETF inflows, and heightened geopolitical tensions, showcasing gold's appeal as a safe-haven investment during uncertain times.
• Gold's remarkable performance, with a 20% increase year-to-date, reflects investor confidence in the metal amid global economic and political uncertainties.

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Gold Extends Record Setting Run After Fed

Gold climbed over 2% to nearly $5,300 per ounce on Wednesday, extending record highs as a weaker US dollar, elevated policy uncertainty, and a steady Federal Reserve reinforced demand for safe-haven assets. The rally gained traction after President Trump downplayed the dollar’s recent slide to four-year lows, signaling tolerance for currency weakness amid ongoing tariff threats and renewed criticism of the Fed’s independence, which kept geopolitical and policy risks firmly priced in. The Fed held rates unchanged at 3.50%–3.75% as expected, acknowledging solid economic activity and signs of labor-market stabilization but stressing that inflation remains elevated and uncertainty around the outlook is still high. The non-unanimous decision, with two policymakers favoring an immediate cut, reinforced expectations that easing remains on the table later this year, supporting gold alongside persistent central-bank buying and ETF inflows.

Gold is up by 2.05%

Gold increased 2.05% to 5287.43 USD/t.oz

Gold Climbs Above $5,200 as Dollar Weakens

Gold rose above $5,200 per ounce on Wednesday, hitting new record highs as a sharp decline in the dollar fueled investor demand for safe-haven metals. Those moves came as US President Donald Trump said that he is not concerned about the dollar’s recent drop as it sinks to its lowest level in four years, signaling that the administration is comfortable with a weaker greenback to support export competitiveness. Policy uncertainties in Washington, including Trump’s tariff threats against other nations and attacks on the Federal Reserve’s independence, further underpinned the rally in precious metals. Meanwhile, the Fed is widely expected to hold interest rates steady on Wednesday, with markets focused on any guidance regarding the timing of the next rate cut. Gold has also benefited from robust central bank buying and continued ETF inflows. The yellow metal has surged about 20% year-to-date, while silver has jumped nearly 60%.

Gold Crosses $5000 for the First Time

Gold broke above $5,000 per ounce for the first time on Monday, extending its record-breaking rally as safe-haven demand strengthened amid trade and geopolitical uncertainty. President Donald Trump over the weekend said the US would seek sovereignty over parts of Greenland that host American military bases, a statement that unsettled markets just days after he walked back threats to impose extra tariffs on several European countries. Adding to market unease, Trump warned Canada that all its exports to the US could face tariffs of 100% if Ottawa finalizes a trade agreement with China. The warning came a week after Canadian Prime Minister Mark Carney announced a preliminary deal with China that would see tariffs on products from both countries reduced. Meanwhile, Ukraine and Russia concluded another round of US-brokered talks without reaching an agreement, although both sides signaled that further negotiations could resume next weekend.

Gold Heads for Best Week Since 2020

Gold eased toward the $4,900 per ounce level on Friday as investors took a breather following a sharp rally that pushed bullion to a record high of $4,966.93. Despite the pullback, gold is on track for its strongest weekly performance since March 2020, supported by fading confidence in US assets, persistent geopolitical tensions, and broader economic uncertainty. EU leaders expressed relief at President Trump’s decision to back away from the tariff threat tied to Greenland, while warning they remain ready to respond if similar pressures re-emerge. Trump, meanwhile, said he had secured total and permanent US access to Greenland through a deal with NATO, though details remain unclear, and Denmark reiterated that its sovereignty over the island is not up for negotiation. On the macro front, PCE inflation, the Federal Reserve’s preferred gauge, came largely in line with expectations in November, reinforcing views that the Fed will keep interest rates unchanged at its meeting next week.

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Gold Price History

01.07.2025 - XAU Commodity was up 1.3%

• Gold experienced a strong bullish movement today, reaching above $3,290 per ounce.
• The bullish trend can be attributed to the ongoing trade tensions between the US and multiple countries, leading to a weaker global economic outlook and increasing demand for safe-haven assets like gold.
• President Trump's introduction of higher tariffs on various nations, coupled with a stronger US dollar, contributed to the positive sentiment towards gold as investors sought to hedge against market volatility.
• Additionally, the uncertainty surrounding the Federal Reserve's interest rate decisions and the potential impact of tariffs on inflation further boosted the appeal of gold as a store of value in turbulent times.

21.09.2025 - XAU Commodity was down 5.5%

• Gold prices dipped significantly today, shedding over 2% of its value, as it retreated from its recent record highs.
• The decline in gold prices can be attributed to signs of easing US-China trade tensions, with President Trump hinting at a possible thaw in relations and expressing optimism about upcoming negotiations.
• Additionally, the market sentiment shifted as concerns over escalating trade tensions between the US and China eased, leading investors to move away from safe-haven assets like gold.
• The ongoing uncertainty surrounding the US government shutdown and expectations of US rate cuts also played a role in the bearish movement of gold prices today.

21.09.2025 - XAU Commodity was down 5.4%

• Gold prices dropped by over 6%, marking the largest decline since 2013, and settled around $4,100 per ounce due to increased profit-taking and a strengthened US dollar.
• Factors such as easing US-China trade tensions, optimistic outlooks on potential trade resolutions, and expectations of forthcoming US interest rate reductions all played a part in the decrease in gold prices, as safe-haven demand waned.
• Despite this decline, gold still retains a year-to-date increase of over 60%, supported by expectations of additional easing from the Federal Reserve and ongoing interest in safe-haven assets.
• The current US government shutdown, upcoming negotiations between US and Chinese officials, and market expectations of Federal Reserve rate cuts were key drivers of gold price volatility.

17.08.2025 - XAU Commodity was down 0.9%

• Gold briefly broke a record high after the Federal Reserve's rate cut decision, but profit-taking and stronger-than-expected US economic data led to a pullback in prices.
• The market sentiment towards gold was influenced by the Fed's rate cut, signs of a cooling labor market, and expectations for further monetary policy easing.
• Despite hitting record highs recently, gold faced selling pressure as investors awaited the Fed's policy decision and economic indicators for further guidance on the metal's future trajectory.
• The surge in gold prices this year, driven by central bank purchases, safe-haven demand, and a weaker US dollar, highlights the metal's role as a key asset in times of economic uncertainty.

16.06.2025 - XAU Commodity was up 1.0%

• Gold prices edged higher to around $3,330 per ounce as investors assessed a pick-up in US inflation and ongoing trade developments, including tariff announcements on various countries.
• The uncertainty surrounding US economic policy and trade tensions continued to support gold prices, with central banks increasing their gold reserves amid the volatility in global markets.
• Tariff measures, such as the 30% duty on imports from the EU and Mexico, along with calls for rate cuts, added to the market volatility and boosted demand for safe-haven assets like gold.
• The World Gold Council reported net central bank gold purchases, further highlighting the ongoing interest in gold as a hedge against economic and geopolitical uncertainties.

28.00.2026 - XAU Commodity was up 6.4%

• Gold surged over 2% to nearly $5,300 per ounce, hitting record highs as a weaker US dollar and policy uncertainties fueled demand for safe-haven assets.
• President Trump's comments downplaying the dollar's decline and ongoing tariff threats, along with the Federal Reserve's steady stance on interest rates, contributed to the rally in gold.
• The market movement was also supported by central bank buying, ETF inflows, and heightened geopolitical tensions, showcasing gold's appeal as a safe-haven investment during uncertain times.
• Gold's remarkable performance, with a 20% increase year-to-date, reflects investor confidence in the metal amid global economic and political uncertainties.

22.07.2025 - XAU Commodity was up 0.4%

• Gold prices surged significantly today, hitting approximately $3,330 per ounce.
• This sudden surge is linked to market speculations about a possible rate reduction by the Federal Reserve in September, with traders currently factoring in a high likelihood of a quarter-point reduction.
• Rising geopolitical tensions, particularly the conflict between Russia and Ukraine, also drove investors to seek refuge in safe-haven assets like gold.
• Investors are eagerly anticipating Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for additional insights into the central bank's monetary policy direction, which could continue to impact gold prices in the short term.

12.11.2025 - XAU Commodity was up 1.0%

• Gold prices surged as a central bank signaled a dovish stance, with a key figure hinting at potential further rate cuts, leading traders to price in additional easing measures.
• Geopolitical risks added to gold's appeal as a safe-haven asset, driving up demand.
• Certain political incidents further supported precious metals, contributing to the bullish movement in gold prices.
• Overall, the combination of monetary policy expectations, geopolitical uncertainties, and central bank actions created a favorable environment for gold, pushing prices higher and extending its bullish trend.

21.00.2026 - XAU Commodity was up 0.1%

• Gold price surged by 2% to $4,858.85 per ounce, hitting a new all-time high as tensions over Greenland and possible military actions led to a surge in demand for safe-haven assets.
• Recent announcements by President Trump regarding tariffs on European nations and his potential interest in acquiring Greenland have added to geopolitical uncertainties, prompting investors to turn to gold as a hedge against market instability.
• Concerns about the financial stability of major economies, disruptions in the Japanese government bond market, and expectations for additional US interest rate cuts have all contributed to gold's safe-haven appeal, resulting in a "debasement trade" as investors sought safety in the precious metal.
• While gold prices dipped earlier in the week due to easing geopolitical tensions and reduced expectations of imminent Fed rate cuts, the overall trajectory remains bullish, supported by ongoing geopolitical uncertainties and robust demand for safe-haven assets.

10.11.2025 - XAU Commodity was up 0.5%

• Gold prices increased above $4,230 per ounce after remarks from Federal Reserve Chair Powell suggested the potential for additional easing measures, boosting trader confidence in the precious metal.
• The Fed's decision to decrease interest rates by 25 basis points helped decrease short real rates and weaken the dollar, historically supporting gold prices.
• Traders closely watched economic projections and Powell's statements for insights into the central bank's future plans, with expectations leaning towards possible further rate cuts in 2026, strengthening gold's attractiveness as a hedge against inflation and economic uncertainty.
• Strong official demand for gold, exemplified by China's consistent rise in reserves for the 13th consecutive month, alongside substantial ETF inflows and physical buying, collectively drove gold prices up by around 60% year-to-date.

22.09.2025 - XAU Commodity was down 5.1%

• Gold prices fell sharply as traders engaged in profit-taking after recent record-breaking rallies, leading to a more than 5% plunge, the steepest since 2021.
• The bearish movement was exacerbated by improving risk appetite fueled by hopes of easing US-China trade tensions, diminishing gold's safe-haven appeal.
• Additionally, the end of the seasonal gold-buying spree in India further weighed on physical demand, contributing to the downward pressure on gold prices.
• Expectations of further Federal Reserve rate cuts at upcoming meetings and broader market uncertainties continue to provide some support to gold prices despite the significant pullback.

22.09.2025 - XAU Commodity was down 5.2%

• Gold prices saw a sharp decline below $4,100 per ounce, marking a substantial pullback from recent record highs.
• The bearish trend was driven by profit-taking as traders locked in gains from previous rallies and a shift towards riskier assets due to optimism surrounding potential easing of US-China trade tensions.
• Expectations of further Federal Reserve rate cuts and geopolitical uncertainties continue to provide some support to gold prices, despite the recent downturn.
• Investors are closely monitoring economic indicators like the CPI report for insights into future monetary policy decisions, which could further impact the direction of gold prices.