#Gold Price News Today 25-1-2026 - Elliott Wave and technical analysis of Gold Spot Long-Term Outlook | Understanding the Macro Structure. Video by MCO Global Equities & Commodities.
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Gold prices closed on January 25, 2026, near historic record highs, driven by extreme market volatility, a sharply weakening US dollar, and safe-haven demand. Internationally, spot gold ended the trading week at approximately $4,975.80 - $4,985 per ounce.
In domestic markets like Vietnam, prices for SJC gold bars reached a peak of 174.3 million VND/tael, marking a massive increase of nearly 12 million VND in just one week. Similarly, in India, 24K gold remained stable at Rs 1,60,260 per 10 grams. Analysts from UBS and Goldman Sachs suggest these price levels may become structural, with forecasts now eyeing the $5,000 to $5,400 range as central banks continue record-level accumulation.
Key Market Drivers
--Currency Volatility: The US Dollar Index (DXY) fell 0.92% to 97.46 points in the final session of the week, its largest weekly decline in eight months, significantly boosting gold's appeal.
--Geopolitical & Institutional Risk: Confidence in financial institutions has been tested by news of a criminal investigation into Federal Reserve Chair Jerome Powell regarding the Fed's independence, triggering a rotation into safe-haven assets.
--Sovereign Accumulation: Central banks, particularly in BRICS nations, are diversifying away from USD-based reserves at record rates, providing a "structural floor" for prices.
--Institutional Bullishness: Nearly 70% of institutional investors surveyed by Goldman Sachs expect gold to rise further through 2026, with many positioning it as a core strategic asset.
