Gold has reached record heights: what awaits investors next?
29 january 2026 в 21:13
The price of gold has rapidly risen to record levels, and investors are wondering how long this growth will last and what it means for them. At the center of discussions in the financial world is JPMorgan’s global market strategist Nikolaos Panigirtzoglou, who reported that gold prices reached an important milestone in January 2026.
For reference, the price of gold has doubled compared to 2025. According to Panigirtzoglou’s theory, as reported by Market Watch, «this 4.6% allocation to gold implies a theoretical price of $ 8,000-$ 8,500… This increases the risk of profit-taking or a return to mean values for both gold and silver in the near term».
Below, you will learn about the recent rise in gold prices and what it means for the future of this precious metal.
On January 28, 2026, the price of gold was estimated at $ 5,268 per ounce, according to data from Fortune. A month earlier, the price was around $ 4,400. In 2025, the price of gold was $ 2,759.
Given ongoing concerns about slowing global growth, demand for gold as a safe haven has increased.
According to American Hartford Gold, the price of silver currently exceeds $ 111. In January 2026, it reached $ 100 per ounce. The updated silver price reflects a significant increase compared to its value in 2025, which was $ 30.20 on January 27, 2025. The value of silver in 2026 marks a rise of more than 200 percent.
The short answer is likely yes. JP Morgan estimated that the price of gold could reach $ 8,500, according to several sources. However, it is important to note that the price of gold depends on various factors. One of the main indicators will be inflation.
According to CBS News, optimism surrounding rising gold prices is driven by key factors, including how central banks are expected to maintain their high purchasing rates, ETF investors are expected to continue showing interest in gold, and the slowdown in economic growth. If interest rates continue to decline, gold typically benefits from this, according to the publication.
As Panigirtzoglou from JPMorgan noted, higher gold prices increase the likelihood of profit-taking or even a consolidation period. Therefore, market observers believe that gold may remain supported in the long term, depending on whether the slowdown in economic growth continues and whether financial conditions remain uncertain
For reference, the price of gold has doubled compared to 2025. According to Panigirtzoglou’s theory, as reported by Market Watch, «this 4.6% allocation to gold implies a theoretical price of $ 8,000-$ 8,500… This increases the risk of profit-taking or a return to mean values for both gold and silver in the near term».
Below, you will learn about the recent rise in gold prices and what it means for the future of this precious metal.
On January 28, 2026, the price of gold was estimated at $ 5,268 per ounce, according to data from Fortune. A month earlier, the price was around $ 4,400. In 2025, the price of gold was $ 2,759.
Given ongoing concerns about slowing global growth, demand for gold as a safe haven has increased.
According to American Hartford Gold, the price of silver currently exceeds $ 111. In January 2026, it reached $ 100 per ounce. The updated silver price reflects a significant increase compared to its value in 2025, which was $ 30.20 on January 27, 2025. The value of silver in 2026 marks a rise of more than 200 percent.
The short answer is likely yes. JP Morgan estimated that the price of gold could reach $ 8,500, according to several sources. However, it is important to note that the price of gold depends on various factors. One of the main indicators will be inflation.
According to CBS News, optimism surrounding rising gold prices is driven by key factors, including how central banks are expected to maintain their high purchasing rates, ETF investors are expected to continue showing interest in gold, and the slowdown in economic growth. If interest rates continue to decline, gold typically benefits from this, according to the publication.
As Panigirtzoglou from JPMorgan noted, higher gold prices increase the likelihood of profit-taking or even a consolidation period. Therefore, market observers believe that gold may remain supported in the long term, depending on whether the slowdown in economic growth continues and whether financial conditions remain uncertain
© Zhinobaeva Margarita
