31.01.2026 15:00
Gold experienced its sharpest daily drop in 46 years after reaching record levels, while experts are urging investors to remain cautious due to high volatility; China's heavy purchases following the sharp decline are noteworthy.
While uncertainties in global markets continue, the consecutive statements from U.S. President Donald Trump have caused sharp movements in gold prices. In the early days of the week, gold reached a historic high of $5,595 per ounce, setting a record. However, as profit-taking came into play, prices quickly changed direction. On January 30, 2026, gold saw a level of $5,450 per ounce, facing sharp sales in the later hours of the day.
SHARPEST DROP IN 46 YEARS
The wave of selling in international markets led to a panic in commodity markets. The XAUUSD pair fell to $4,682 within the same day, recording a 14.11% drop. This movement was recorded as the sharpest loss in a single day for gold in the last 46 years. The $768 loss during the day also became the largest daily drop in terms of amount in gold's history.
CAUTIONARY WARNING FROM EXPERTS
Economists pointed out that unprecedented volatility is being experienced in commodity markets. Experts emphasized avoiding short-term trading during this process, particularly highlighting that leveraged positions carry serious risks. There was also a warning that the unstable trend in gold prices could continue throughout the year.
NOTABLE MOVE FROM CHINA
Following the sharp decline in gold and silver, it was learned that China, one of the world's largest economies, has started purchasing large amounts of gold and silver from the market. This move was interpreted as a sign of a new search for balance in global markets.