Gold price breaks through 5,500 dollars, affected by international situation and weak dollar

Foreign Media: Gold Price Soars Past $5,500 Due to Tensions in Iran and a Weak Dollar

On January 29, 2026, the price of gold reached a new record, breaking through $5,500 per ounce. This surge is related to U.S. President Trump's military threats against Iran and a weak dollar.

Since the beginning of the year, the value of gold has risen by more than 20%. In 2025, the price of gold surged by 64%, as Trump returned to the White House and implemented sweeping reforms on international trade and institutions.

Additionally, traditional safe-haven assets such as government bonds have seen a decline in appeal due to concerns about the massive debt of developed economies, which also contributed to gold's strong performance.

Original article: toutiao.com/article/1855639016341700/

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