Gold Surges Past $5,500 Amid Iran Tensions, Weakening US Dollar
1/29/2026 10:40:00 AM
Gold prices have set a new record amid United States President Donald Trump’s threats of military action against Iran and the weakness of the US dollar.
Bullion surged past $5,500 an ounce on Thursday, extending an extraordinary rally that has seen the precious metal gain more than 20 percent in value since the start of the year.
Bullion surged past $5,500 an ounce on Thursday, extending an extraordinary rally that has seen the precious metal gain more than 20 percent in value since the start of the year.