Gold entered 2026 with extraordinary momentum, having surged 66% through 2025 — its strongest annual performance since 1979. The all-time high of $5,595.42/oz was set on January 29, 2026 , followed by a sharp but healthy correction back toward the $5,000 level. As of today, gold trades near $4,989/oz, consolidating above the psychologically critical $5,000 floor that has now become structural support. "The trends driving this rebasing higher in gold prices are not exhausted.