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Gold tops $5,600 per ounce, extending weekly gains over 10%

CryptopolitanJan 29, 2026 4:17 AM

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Gold hit a new record above $5,600, jumping 4% Friday after already soaring 4.6% the day before, its biggest daily spike since March 2020.
Spot gold is now up 28% on the year, while silver has gained nearly 65%, with both rallies draining market liquidity and making prices more volatile.
Bitcoin dipped to $88,000, ETH fell under $3,000, and SOL dropped over 3%, as flows shifted to metals.

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