#Gold Price News Today 30-1-2026 - Elliott Wave and technical analysis of the gold market, focusing on support and resistance zones. Video by MCO Global Equities & Commodities.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
As of January 30, 2026, gold prices are experiencing significant volatility following a dramatic "flash crash" and aggressive profit-taking. After reaching a historic peak of over $5,600 per ounce earlier this week, spot gold has retreated, trading near $5,182 - $5,225 per ounce.
Market Overview
The gold market is currently in a highly volatile phase characterized by sharp corrections after record-breaking gains.
-Current Spot Price: Approximately $5,225.85 per ounce, down roughly 3.93% from the previous day.
-Flash Crash Details: On January 29, prices plummeted by 4-8% within 60 minutes, wiping out an estimated $3 trillion in global market value.
-Key Drivers: Intense profit-taking by short-term speculators, a strengthening US dollar, and a temporary easing of geopolitical fears have pressured prices.
