{"id":23007,"date":"2026-01-28T09:41:53","date_gmt":"2026-01-28T07:41:53","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/golds-extends-rally-above-5-300-as-dollar-slides\/"},"modified":"2026-02-27T16:33:53","modified_gmt":"2026-02-27T14:33:53","slug":"golds-extends-rally-above-5-300-as-dollar-slides","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/golds-extends-rally-above-5-300-as-dollar-slides\/","title":{"rendered":"Gold&#8217;s extends rally above $5 300 as Dollar slides"},"content":{"rendered":"<div data-olk-copy-source=\"MessageBody\">Gold broke through $5 300 for \u200bthe first time on Wednesday as the Dollar plunged to a near four-year \u200clow, ahead of a Federal Reserve monetary policy decision.<\/div>\n<div><\/div>\n<div>Spot gold climbed 2.3% to $5 305.65 per ounce, after hitting a record high of $5 311.31. It has gained more than 20% since the start of the year.<\/div>\n<div><\/div>\n<div>United States (US) gold futures for February delivery surged 4.3% to $5 301.90 per ounce.<\/div>\n<div><\/div>\n<div>Gold&#8217;s blistering rally sees it past $5 200 for the first time<\/div>\n<div><\/div>\n<div>The US Dollar \u200cwas grappling with a &#8220;crisis of confidence&#8221; as it languished near four-year lows, exacerbating Dollar \u200bselling, after President Donald Trump said the currency&#8217;s value 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":13037,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-23007","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"Gold broke through $5 300 for \u200bthe first time on Wednesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23007","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\/23007\/revisions"}],"predecessor-version":[{"id":26115,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23007\/revisions\/26115"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/13037"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=23007"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=23007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}