Gold Rises Above $4,800 for First Time

Singapore, 21 Jan 2026 (ONA) --- Gold surged to a fresh record above $4,800 today, buoyed by safe-haven demand and a softer dollar as geopolitical tensions flared.

Spot gold rose 1.2 per cent to $4,818.03 per ounce, after scaling a record peak of $4,836.24 earlier in the session. US gold futures for February delivery added 1 per cent to $4,813.50 per ounce. The dollar languished near three-week lows against the euro and Swiss franc after White House threats over Greenland triggered a broad selloff in US assets. Spot silver added 0.1 per cent to $94.68 an ounce, after hitting a record high of $95.87 on Tuesday. Spot platinum gained 0.9 per cent to $2,485.50 per ounce after hitting a record $2,511.80 earlier in the day, while palladium firmed 0.4 per cent to $1,873.18.

--- Ends/AH