On January 20, Tuesday, a significant event occurred in the commodity markets: the price of the gold futures contract for delivery in February 2026 reached a record $4,720 per troy ounce. This information was provided by Comex, a division of the New York Mercantile Exchange.
At the peak, the quotes for the precious metal rose to $4,723. However, by 10:05 AM Moscow time, the price slightly decreased to $4,720, which still reflects a gain of 2.71% compared to the end of the previous trading session.
The global price of gold continues to show impressive growth. Ahead of this record, on January 19, the quotes closely approached the psychologically important mark of $4,700, increasing by more than $20 in a single day.
Analysts attribute the rise in gold prices to the current geopolitical tensions. In light of the arrest of Venezuelan President Nicolas Maduro, the threat of U.S. intervention in the affairs of Greenland and Iran, as well as the lack of progress in resolving the conflict in Ukraine, investors view gold as a reliable "safe-haven asset." High demand for the precious metal, combined with limited supply, continues to push prices upward.
