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Gold price tops 5,500 US dollars in historic rally

China

China

China

Gold price tops 5,500 US dollars in historic rally

2026-01-29 11:48 Last Updated At:15:37

Comex February gold futures on Thursday broke above the historic 5,500 U.S. dollars per ounce during Asian trading hours.

It then surged to a peak above 5,580 U.S. dollars per ounce.

Since the start of the year, gold futures prices have climbed about 27 percent in less than a month.

Analysts cite rising central bank gold purchases, geopolitical instability, and the threat of a U.S. government shutdown as drivers, pushing investors toward gold as a safe haven and fueling the rally.

Gold price tops 5,500 US dollars in historic rally

Gold price tops 5,500 US dollars in historic rally

Gold price tops 5,500 US dollars in historic rally

Gold price tops 5,500 US dollars in historic rally

Remarks by Democratic Progressive Party (DPP) politicians once again exposed their "servile and traitorous nature" in pursuit of external backing, said Zhang Han, spokeswoman for the State Council Taiwan Affairs Office, at a press conference in Beijing on Wednesday.

Zhang’s comments followed Hsieh Chang-ting, head of the "Taiwan-Japan Relations Association," who promoted the enhancement of so-called Taiwan-Japan friendly relations, which has sparked criticism from netizens on both sides of the Taiwan Strait.

"Japan bears historical responsibility to the Chinese people regarding the Taiwan question, having committed heinous crimes during its 50 years of colonial rule over the Taiwan region. Such remarks disregard history and betray their roots, once again exposing the servile and traitorous nature of DPP politicians who seek favor from external forces in exchange for their support," Zhang said.

DPP politicians' remarks expose servile, traitorous nature: spokeswoman

DPP politicians' remarks expose servile, traitorous nature: spokeswoman

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