ByConor Murray,
Forbes Staff.
Gold smashed through another record price of $5,300 on Wednesday morning, continuing a rally that has lifted the price of the precious metal more than 20% in January after a record-breaking 2025, with analysts citing a weak dollar and concerns over the Federal Reserve’s independence.
The price of gold is about $5,268.80 as of 10 a.m., up more than 3% but slightly down from the all-time record of $5,306 the metal reached earlier Wednesday, the first time it surpassed $5,300.
Silver, though not at a record price, is about $114.90 as of 10 a.m., up more than 8% but down from the high of $117 it hit on Monday.
