On the day of trading, January 20, the price of the gold futures contract for delivery in February 2026 reached a record value, exceeding $4720 per troy ounce. This information comes from Comex, a division of the New York Mercantile Exchange.
At its peak, the quotes reached nearly $4723; however, by 10:05 AM Moscow time, the price slightly adjusted to $4720. This still meant that compared to the closing of the previous trading session, the price increased by 2.71 percent.
Global gold prices continue to astonish, setting new records. The day before, on January 19, the quotes nearly reached the psychological mark of $4700, leading to an increase in the price of gold by more than $20 in just one day.
According to experts, the ongoing rise in gold prices is driven by the tense geopolitical situation. The detention of Venezuelan President Nicolás Maduro, threats from the U.S. regarding Greenland and Iran, as well as the lack of progress in resolving the conflict in Ukraine, are prompting investors to view gold as a reliable "safe-haven asset." High demand for the precious metal, combined with limited supply, contributes to the rise in market quotes.
