26.01.2026 07:50
Due to the effects of global uncertainties, gold reached a record high by surpassing 5,000 dollars for the first time in history, while gram gold also rose to 7,105 lira, reaching its highest level ever.
Gold prices started the week with a historic record. With increasing geopolitical uncertainties in global markets and investors' search for safe havens gaining momentum, the price of gold per ounce exceeded 5,000 dollars for the first time. Spot gold rose by 1.98% to 5,081.18 dollars, testing 5,092.71 dollars during the day. U.S. gold futures traded at 5,079.30 dollars, up 2.01%.
GRAM GOLD AT ALL-TIME HIGH
This sharp rise in international markets also brought a record for gram gold in the domestic market. Gram gold reached as high as 7,105 lira, marking an all-time high. Currently, gram gold is trading around 7,082 lira with an increase of about 2%.
Gold has shown strong performance throughout 2025. Since the beginning of the year, the increase has exceeded 17%, while the overall increase for the year has reached 64%. The demand for safe havens becoming permanent, expectations of monetary easing in the U.S., strong purchases by central banks, and record inflows into exchange-traded funds have all contributed to this rally. China's continuation of gold purchases for the 14th consecutive month in December has also been among the factors supporting prices.
CRISIS OF CONFIDENCE TOWARDS U.S. ASSETS DOMINATES
Capital.com senior market analyst Kyle Rodda assessed the recent rise in gold as a reflection of a crisis of confidence towards the U.S. administration and U.S. assets. Rodda stated that this situation was triggered by the unpredictable decisions of the Trump administration last week.
TRUMP'S THREATS CONTINUE
Although U.S. President Donald Trump stepped back from threats of tariffs against European allies during the week, he announced over the weekend that a 100% tariff would be applied if Canada continued its trade agreement with China. Trump also threatened a 200% tariff on French wines and champagnes to force France to join the "Peace Council" initiative. While some argue that this move could weaken the role of the United Nations, Trump stated that the council would work alongside the UN.
The strengthening of the yen in the markets and the reduction of dollar positions ahead of this week's Fed meeting created pressure on the dollar. The weakening of the dollar made gold, priced in dollars, more attractive for investors holding other currencies. Metals Focus Director Philip Newman noted that the potential for a rise in gold continues, stating that they expect prices to peak at around 5,500 dollars during the year. Newman emphasized that short-term pullbacks could occur due to profit-taking, but every correction would be met with strong buying.
SPOT SILVER ALSO SET A RECORD
The rise in precious metals was not limited to gold. Spot silver rose by 5.79% to 108.91 dollars, setting a record at 109.44 dollars during the day. Spot platinum increased by 3.77% to 2,871.40 dollars. Palladium rose by 3.2% to reach 2,075.30 dollars, the highest level in over three years. Silver surpassed the 100 dollar threshold for the first time on Friday, continuing its rise due to tight physical supply conditions and retail investor interest following last year's 147% increase.