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What Took Gold To $5,000

Jan 27, 2026, 12:51 PM EST

Gold and silver remain near record levels, with gold consolidating above $5,000 an ounce and silver trading beyond $100 before sharper profit-taking set in. What matters is not just the levels, but the behaviour. Gold has repeatedly pulled back, found buyers quickly, and rebuilt from higher bases, which is typical of long-term allocation rather than speculative excess. Silver has been more volatile, but this move is occurring alongside tighter physical supply and sustained industrial demand, giving it more substance than past spikes.

This price action is unfolding as markets navigate another Federal Reserve meeting, persistent inflation pressures, and renewed fiscal uncertainty in the United States. Central banks continue to accumulate gold as a reserve asset, reinforcing the idea that demand is being driven by structural considerations rather than short-term headlines.

That context frames this week’s GoldCoreTV video. The focus is not gold prices, but stress building in global bond markets, beginning with Japan. Rising Japanese government bond yields and growing discomfort around the yen highlight the constraints facing heavily indebted economies. When bond markets become politically sensitive, adjustment tends to show up in currencies rather than funding markets, and gold responds accordingly.


Japan is not the story in isolation. It is an early signal of the environment investors are increasingly having to navigate.


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