Gold Prices Retreat After Record Highs: All Asset's Value Changes After One Night ...来自Followme

30 Jan 2026, 13:16 · 阅读量 20,980

Gold Prices Retreat After Record Highs: All Asset's Value Changes After One Night

Newest Update: Gold prices experienced a significant drop in early Asian trading on Friday (30th January), retreating from the record highs achieved just the day before. This sharp fall came as a combination of profit-taking and ongoing haven demand caused a volatile market movement. Despite the decline, gold is still on track for an outstanding performance in January.

A Volatile Week for Gold: The Rollercoaster of Haven Demand and Profit-Taking:
Spot gold fell 3.79% to $5,187.73 per ounce during early Friday trade. Meanwhile, April gold futures saw a modest gain of 0.3%, reaching $5,365.39/oz. This mixed performance marked another wild swing for gold prices, which had reached an all-time high of nearly $5,600/oz on Thursday (29th January).
This surge was spurred by growing geopolitical tensions, particularly between the U.S. and Iran, which heightened demand for safe-haven assets. As the situation escalated, traders flocked to gold and other precious metals as protective investments. However, the upward rally was followed by a sharp decline as investors took profits from the massive gains seen earlier in the week.

Source: Followme's "Markets" feature

Silver and Platinum Prices Experience a Cooldown:
Other precious metals like silver and platinum followed similar patterns, with both metals experiencing significant swings. Spot silver dropped 5.78% to $109.540/oz on Friday, staying just below its record high reached the previous day. Platinum saw a similar fate, sliding nearly 4.53% to $80,791/g, as the volatility in global markets impacted its price.
Though Friday saw cooling off, these metals also benefited from the rush into safe havens. Their price movements were heavily influenced by the shifting U.S. fiscal landscape, and growing concerns about U.S. interest rate decisions.

Source: Followme's "Markets" feature

January: A Historic Month for Gold and Other Precious Metals:

Gold’s performance in January has been nothing short of impressive, with a nearly 24% gain so far, making it the best monthly performance since the 1980s. The precious metal has added about $1,000 per ounce to its value as it dominated the rush to safer investments.

Other Metals Shine: Silver and Platinum Stand Out in January

Silver has been the standout performer of the month, surging by more than 62%.
Platinum has seen a solid gain of 28.4%, while palladium has risen by 25.3%.

These metals have also benefitted from the broader rush into precious metals, each making notable gains in response to global market uncertainties.

Gold and Silver Tumble as Profit-Taking and Strong Dollar Take Over:

Profit-Taking After Record Highs: After reaching record highs earlier in the week, both gold and silver saw significant profit-taking. Investors who had bought into the surge sought to lock in gains, leading to a sharp drop in prices. This is common after a period of strong gains, especially when prices surge rapidly due to geopolitical tensions and economic uncertainties.

Stronger U.S. Dollar: On Friday, there was a slight recovery in the U.S. dollar, which has a negative correlation with precious metals. A stronger dollar reduces the attractiveness of gold and silver as safe-haven assets because they become more expensive for holders of other currencies. This strengthening of the dollar caused some pressure on precious metal prices.

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