Gold Surges to Record $5,100 – Is $6,000 Inevitable?

Gold prices hit a new record high of around $5,100 an ounce on January 26, 2026, as investors continue to pour into safe-haven assets amid growing global uncertainty. As of this writing, spot gold rose 2.27% to $5,096.67 per ounce, after briefly touching an all-time high of $5,110.50 earlier in the session. Looking ahead, analysts believe gold still has room to run, with some expecting prices to move closer to $6,000 an ounce this year as global risks remain elevated and central bank and retail demand stay strong.