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On this day — January 28, 2026

Chinese New Year: Chinese gold demand surges in the lead-up to Lunar New Year as families exchange gold pendants, rings and bars. Year-on-year, China's January–February gold imports run 30–50 percent above other months.

Wednesday — a normal trading day. FOMC announcements (when scheduled) typically come on Wednesdays at 2 PM ET, often producing intraday gold volatility.

Day 28 of 365 · Q1 2026 · 7.7% through the year

January 2026 gold market: Gold opens 2026 near record highs

Bullish

Gold entered 2026 near records with its structural drivers intact (verify).

Gold began 2026 trading near the record highs reached during its historic 2025 run, with its core structural drivers still in place — record central-bank buying, the Federal Reserve's easing cycle, a softer dollar, and elevated geopolitical and trade-policy risk. (DRAFT — verify the month's actual price action and events against primary sources before publishing.)

What drove gold in January 2026

  • record central-bank buying
  • Fed easing cycle
  • softer US dollar
  • geopolitical and trade-policy risk
Themes#central-bank demand#Fed policy#record highs

What happened next

Fill subsequent 2026 months from verified data as each passes.

For gold buyers

Gold carried its historic 2025 momentum into 2026 — but verify the latest levels with live data on this site before transacting.

Jan 28 across the years — 20202024

+29.5% over 4 years
20202024
YearJan 28 closevs prior
Jan 28, 2024$2,037.61+13.95%View
Jan 28, 2022$1,788.20+13.61%View
Jan 28, 2020$1,574.00View
Each row is the verified XAU/USD spot close for Jan 28 of that year. Click any row to open the full daily archive (with country tables for Jan 28, 2020+).