Spot Gold Nears USD 5,600, Spot Silver Reaches High Point
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 29 2026
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Source: aastocks
Gold and Silver Prices Surge: Spot gold reached a new high of USD5,595.41, closing at USD5,520 per ounce, while spot silver peaked at USD119.43, ending at USD118.12.
Factors Driving Price Increases: The rise in gold prices is attributed to ongoing central bank purchases, strong momentum from trend-following funds, and increased demand for safe-haven assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
