Economy News

Gold breaks $5,000 an ounce for the first time as silver tops $108

Gold passed $5,000 per troy ounce for the first time late on Sunday 25 January, then peaked at $5,107 on Monday morning before easing to about $5,082, Fast Company reports. Jang News in Pakistan puts Monday's high at $5,100 and says gold settled up 2.2% at $5,089.

The climb has been steep. According to Fast Company, gold rose 64% in 2025, its biggest annual gain since 1979, passed its 2025 record of $4,497.20 on 6 January, crossed $4,800 on 20 January and reached $5,000 five days later. Silver traded around $108.50 after an all-time high above $109, up nearly 250% over 12 months. Jang says gold has risen nearly 90% since Trump's inauguration.

How each outlet framed it

• Fast Company — a timeline of uncertainty: the US raid on Venezuela, the Greenland tariff threats, ICE shootings in Minnesota and a Justice Department investigation into Fed Chair Jerome Powell, plus whether silver is next.
• Jang News — the policy drivers: Trump's tariff threat against Canada over a possible China deal, the clash with Europe over Greenland and fears of another US government shutdown.

Where the numbers differ: the outlets give slightly different Monday highs, $5,107 versus $5,100, depending on when prices were taken.

What happened next: the rally did not last. Gold reached about $5,600 at one point on Thursday 29 January, then fell 11.4% on Friday after Trump named Kevin Warsh as his Fed chair pick, the Associated Press reported via Fortune.