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Monday January 26 2026

Gold at $5,000: The world’s fear thermometer is flashing red

26 January 2026 13:45 (UTC+04:00)
Gold at $5,000: The world’s fear thermometer is flashing red
Qabil Ashirov
Qabil Ashirov
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Against a backdrop of mounting global tension and uncertainty, gold continues to break its own records. The price of an ounce has now surpassed $5,000, a figure that stands as a clear indicator of the crisis we described above. Throughout history, gold has never been merely a commodity; it has been a measure of fear, of unpredictability, and of political risk. Today, the world economy and geopolitics have reached a stage where investors once again feel compelled to seek refuge in the oldest safe haven. Recent figures confirm the scale of this surge: spot gold has risen to $5,085, setting a new record, with US futures following the same trajectory. Over the past year alone, gold has appreciated by more than 60 per cent. Such numbers are not random; they are the product of several converging forces that reveal the fragility of the current order.

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