On January 20, Tuesday, a significant event occurred on the exchange: futures for gold with delivery in February 2026 reached a record price, exceeding $4720 per troy ounce. This data was presented by the Comex division of the New York Mercantile Exchange.
At the peak, the price of the precious metal rose to nearly $4723. By 10:05 Moscow time, the price of gold had slightly decreased, settling around $4720, but this still represented a gain of 2.71 percent compared to the previous session's close.
The trend of rising gold prices continues to gain momentum. Yesterday, January 19, quotes nearly reached the psychological mark of $4700, leading to an increase in the price of the precious metal by more than $20 in a single day.
Analysts attribute this sustained price increase to growing geopolitical tensions. The situation is exacerbated by the detention of Venezuelan President Nicolás Maduro, threats of U.S. military intervention in Greenland and Iran, as well as the lack of progress in resolving the conflict in Ukraine. In such conditions, many investors view gold as a reliable "safe-haven asset," which, combined with limited supply, continues to push prices upward.
