Gold Sets New All-Time Records in 2026
Gold Reaches Historic Highs in 2026
Breaking News Global financial markets are starting the new week with strong momentum. Gold, which closed last week at $4,509 per ounce, opened trading higher and reached new historical highs within the first hours of the session.
During early trading, the price of gold tested $4,601 per ounce, marking the highest level ever recorded. As of 06:00 (Turkey time), prices remain volatile and are stabilizing near $4,577 per ounce.
Record Highs in the Domestic Market
The surge in global prices has also impacted the domestic market. On January 12, 2026, the price of gold per gram reached a new all-time high of 6,380 Turkish lira.
By 06:00 (Turkey time), trading continues near 6,353 TRY per gram. For comparison, gold closed last week at 6,240 TRY per gram.
Focus on U.S. Inflation Data
One of the key drivers for markets this week is the upcoming release of the U.S. Consumer Price Index (CPI), scheduled for Tuesday.
According to analysts’ expectations, U.S. inflation for December may come in at 2.7% year-on-year and 0.3% month-on-month. Weaker inflation data could strengthen expectations of interest rate cuts by the Federal Reserve.
U.S. Labor Market and Its Impact on Gold
Last week’s U.S. Non-Farm Payrolls data also influenced market sentiment. Key figures included:
- Employment Change: Increased by 50,000 jobs.
- Market Expectation: 70,000 jobs.
- Unemployment Rate: Declined to 4.4%.
This mixed data adds to uncertainty regarding the Fed’s next policy steps.
Market Drivers and Outlook
The combination of several factors continues to support demand for gold as a safe-haven asset:
- Inflation and interest rate expectations.
- Potential monetary easing by the Federal Reserve.
- Ongoing geopolitical uncertainty.
Expert Analysis Experts note that elevated volatility in the precious metals market may persist in the coming days. Investors are advised to monitor key economic releases closely.
High Risk Warning Trading commodities and precious metals involves significant risk of loss and is not suitable for all investors. Past performance is not indicative of future results.
