International gold price breaks $5100 per ounce

Beijing, January 26 (Xinhua) — The international gold market once again reached a historic moment on the 26th, as the New York Mercantile Exchange gold futures price and London spot gold price simultaneously broke through the important threshold of $5100 per ounce during trading, setting a new global gold pricing record. As of the end of the trading day, the most actively traded February gold futures price reached a peak of $5108 per ounce, an increase of over 2% from the previous trading day’s closing price, demonstrating a strong and sustained upward trend.

(A gold shop assistant is organizing gold jewelry)

Market analysts generally believe that the breakthrough rise in gold prices this round is mainly driven by a combination of multiple factors. The current international geopolitical tensions continue to escalate, exacerbating uncertainty in global financial markets and prompting a large influx of safe haven funds into the precious metal market. At the same time, the adjustment of monetary policy expectations in major economies, the structural existence of global inflationary pressures, and the long-term trend of central banks continuously increasing their gold reserves have jointly built a solid support foundation for gold prices.

It is worth noting that the silver market has also shown strong performance. The price of silver futures on the New York Mercantile Exchange rose sharply during the day, breaking through the $109 per ounce mark at one point during trading and simultaneously setting a new historical high. The phenomenon of gold and silver prices rising in tandem further confirms the special position of precious metals as traditional safe haven assets in the current complex international economic environment.

Industry insiders point out that against the backdrop of fluctuations in the US dollar index, high global debt levels, and multiple countries pushing for de dollarization, the monetary attributes and asset allocation value of precious metals are being re examined by the market. In the foreseeable future, the evolution of the international political and economic situation, the policy paths of major central banks, and changes in physical demand will continue to be key variables influencing the price trends of precious metals.

Roger Luo said：Recently, international gold prices have repeatedly hit new highs, mainly driven by geopolitical tensions and market risk aversion. In this context, we can be certain that our product pricing system remains stable and has not adjusted with the drastic fluctuations in gold prices. We have always optimized supply chain management, proactively planned raw material procurement, and adhered to long-term reasonable pricing strategies, effectively buffering the cost pressure caused by external market fluctuations, and committed to providing consumers with sustainable and reliable value.

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