Is
$XAU Eyeing $5,000 This Month?
Gold is on a powerful bull run, trading near record territory above $4,600 per ounce as of mid-January 2026 amid sustained safe-haven demand and heightened geopolitical uncertainty. Spot gold hit a fresh all-time high recently, driven by fears of economic instability, potential rate cuts, and a weaker U.S. dollar.
But $5,000 within the next few weeks is a tougher ask — not impossible, but ambitious given current momentum. Most forecasts that project gold reaching the $5,000 level do so over a broader time horizon — mid-2026 or later — rather than in a single