Hong Kong, Jan 29, 2026 (AFP) - Gold soars towards $5,600 as Trump rattles sabre over Iran

NAMPA / AFP

2026-01-29

Gold prices soared to a fresh record near $5,600 on Thursday, while oil rallied after Donald Trump ramped up geopolitical tensions with his threatened military strike on Iran. The surge in safe-haven precious metals also saw silver hit another peak and has been helped by a softer dollar sparked by speculation that the US president is happy to see the world's reserve currency weaken. An uneventful policy announcement by the Federal Reserve did lit......

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