Published: Jan 29, 2026, 22:36 IST | Updated: Jan 29, 2026, 22:36 IST
Gold prices have surged to record levels, nearing $5,600 an ounce, as rising tensions between the United States and Iran unsettle global markets. U.S. President Donald Trump’s warnings to Tehran, coupled with growing expectations of interest rate cuts and a weakening dollar, have triggered a global rush toward safe-haven assets.
In this report, we try to understand why investors are turning to gold, how U.S. monetary policy and leadership changes at the Federal Reserve are influencing markets, and what escalating geopolitical risks mean for the global economy. Can gold really reach $6,000 soon?