The Economic Times

Will gold prices touch $5,000? Gold price hits all-time high near $4,725 whats fueling golds golden run

Will gold prices hit $5,000? Gold prices soared to a record $4,736.20 on January 20, 2026, as trade war fears gripped global markets. This historic 78% annual surge follows President Trumps threat of 25% tariffs on European allies over Greenland control. With silver hitting $95.50, investors are ditching the dollar for safety. Analysts at J.P. Morgan and HSBC now project gold reaching $5,000 by mid-2026 as resource nationalism intensifies.