Earlier in 2026 (January 29), gold futures reached a record peak of in India (approximately $5,600 per ounce globally) due to heightened fears of conflict escalation.
: Spot gold is currently trading near $4,690 per ounce . Geopolitical Impact : Gold price nears 3-month peak as Ukraine tensio...
: While the ongoing Russia-Ukraine war remains a foundational driver of the "safe-haven" premium, recent price movements have been more heavily influenced by newer flashpoints in the Middle East and evolving US trade policies. Historical and Projected Movements Earlier in 2026 (January 29), gold futures reached
Ukraine’s use of long-range missiles and nuclear rhetoric. ~$5,600/oz Historic peak amid intensified global sanctions and wars. April 2026 ~$4,690/oz Earlier in 2026 (January 29)