{"id":23060,"date":"2026-01-29T11:30:16","date_gmt":"2026-01-29T09:30:16","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/gold-nears-5-600-as-safe-haven-rush-intensifies-silver-blazes-past-120\/"},"modified":"2026-02-27T16:33:56","modified_gmt":"2026-02-27T14:33:56","slug":"gold-nears-5-600-as-safe-haven-rush-intensifies-silver-blazes-past-120","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/gold-nears-5-600-as-safe-haven-rush-intensifies-silver-blazes-past-120\/","title":{"rendered":"Gold nears $5 600 as safe-haven rush intensifies, silver blazes past $120"},"content":{"rendered":"<p>Silver also benefited from the flight to safety, leaping above the $120 level. Spot gold rose 2.2% to $5 516.71 an ounce by 11h47 CAT, after hitting a record $5 594.82 earlier in the day. The metal, which has hit record highs for nine straight sessions, was set for a 28% rise for the month so far.<\/p>\n<p>&nbsp;<\/p>\n<p>US gold futures for February delivery jumped 4% to $5 509.60 after hitting an all-time high of $5 626.80 earlier. Bullion has gained more than 27% so far this year as policy uncertainty in the US, coupled with elevated geopolitical tensions and economic uncertainty, has prompted investors to seek safety in the yellow metal.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8220;Gold&#8217;s perfect storm continues with US-Iran geopolitical tensions, a weak dollar and market expectations of more Fed rate cuts driving prices to endless record highs,&#8221; said Jamie Dutta, Market Analyst at Nemo.money, adding that strong ETF inflows have also contributed to the rally.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":23061,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-23060","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Gold advanced to a new record high near the $5 600-an-ounce level on Thursday, as investors sought refuge from escalating geopolitical tensions and weakening economic signals in the United States (US).","published_date":null,"news_description":"Gold advanced to a new record high near the $5 600-an-ounce level on Thursday, as investors sought refuge from escalating geopolitical tensions and weakening economic signals in the United States (US).","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23060","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\/23060\/revisions"}],"predecessor-version":[{"id":26152,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23060\/revisions\/26152"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/23061"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=23060"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=23060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}