{"id":22995,"date":"2026-01-28T07:25:07","date_gmt":"2026-01-28T05:25:07","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/golds-blistering-rally-continues-past-5-200-as-dollar-plunges-to-4-year-low\/"},"modified":"2026-02-27T16:33:53","modified_gmt":"2026-02-27T14:33:53","slug":"golds-blistering-rally-continues-past-5-200-as-dollar-plunges-to-4-year-low","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/golds-blistering-rally-continues-past-5-200-as-dollar-plunges-to-4-year-low\/","title":{"rendered":"Gold&#8217;s blistering rally continues past $5 200 as Dollar plunges to 4-year low"},"content":{"rendered":"<div>Spot gold jumped 1.1% to $5 243.58 per ounce after scaling a record high of $5 247.21 earlier, up more than 20% since the start of the year.<\/div>\n<div><\/div>\n<div>US gold \u200cfutures for February delivery surged 3.1% to $5 237.70 per ounce. Gold&#8217;s blistering rally sees it past $5 200 for the first time<\/div>\n<div><\/div>\n<div>&#8220;(Gold&#8217;s rise) is due \u200bto the very strong indirect correlation with the Dollar and yesterday&#8217;s price-rise in gold in the US session was due to US President Donald Trump&#8217;s remark to a casual question about the Dollar \u200dwhich implied that (there is) a broad-based consensus within the White House to have a weaker greenback going forward,&#8221; said Kelvin Wong, a Senior Market analyst at OANDA.<\/div>\n<div><\/div>\n<div>The Dollar was grappling with a &#8220;crisis of confidence&#8221; as \u2060it struggled near four-year lows, exacerbating Dollar selling, after Trump said the currency&#8217;s \u200dvalue is &#8220;great&#8221; when asked whether he thought it had declined too much.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":22892,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-22995","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Gold broke through $5 200 for \u200bthe first time on Wednesday, after rising more than 3% on Tuesday, as \u200cthe Dollar plunged to a near four-year low amid persisting geopolitical concerns, ahead of a United States (US) Federal Reserve monetary policy decision","published_date":"2026-01-28 00:00:00","news_description":"Gold broke through $5 200 for \u200bthe first time on Wednesday, after rising more than 3% on Tuesday, as \u200cthe Dollar plunged to a near four-year low amid persisting geopolitical concerns, ahead of a United States (US) Federal Reserve monetary policy decision","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/22995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/22995\/revisions"}],"predecessor-version":[{"id":26106,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/22995\/revisions\/26106"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/22892"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=22995"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=22995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}