Gold Breaks $5,000, Global Financial System Distrust Increases!

Jakarta, Pintu News – For the first time in history, gold prices have broken through the $5,000 per ounce mark. This comes after gold experienced a surge of more than $650 in January alone. Last week, gold recorded its biggest weekly gain in history, both in dollar value and percentage terms, since the Covid pandemic panic in March 2020. Meanwhile, silver also reached over $100 per ounce, up 44% this year.

Gold Rise: A Reflection of Erosion of Confidence

Daniel Ghali, a strategist from TD Securities, told the Wall Street Journal that the surge in gold prices is closely related to the erosion of confidence in the global financial system. While this confidence has not completely disappeared, Ghali added that if it does collapse, the upward momentum in gold prices could continue for much longer.

The rise in gold and silver prices indicates that investors are seeking assets that are considered safer amid global economic uncertainty. This is an indicator that there are serious concerns regarding the stability of the current financial system.

Also Read: Silver Price Prediction 2026-2030, How will it fare in the next 5 years?

Three Risks the Market is Watching

There are three specific catalysts that are currently increasing investor anxiety. First, there is President Trump’s threat of 100% tariffs on Canada if the country proceeds with a free trade agreement with China. Canada’s Prime Minister, Mark Carney, has responded strongly that there are no plans for an FTA with China.

Second, the yen’s strengthening of 0.7% to 154.58 per US dollar raised concerns of currency intervention. Japanese Prime Minister Sanae Takaichi has warned of taking action against abnormal movements, and there are reports that the Federal Reserve Bank of New York has contacted financial institutions to inquire about the yen rate. The market interpreted this as a signal that the US might assist Japan in currency market intervention.

Key Events of the Week and Their Implications

The Fed’s FOMC decision is scheduled for January 29, where interest rate policy is expected to remain, however President Trump continues to push for rate cuts. Trump’s announcement that he will soon appoint Powell’s replacement adds to the uncertainty.

The US budget that ends on January 31 and the Japanese election on February 8 are also of interest. In addition, earnings reports from major tech companies such as Microsoft and Tesla will also be highly influential this week.

Conclusion

With all the turmoil and uncertainty, global financial markets are currently in a highly sensitive state. Investors and analysts alike must remain vigilant to the evolving dynamics, as this will determine the future direction of the market.

Also Read: 3 Cryptocurrencies that are Ready to Rise Again in 2026

Follow us on Google News to stay up to date with the latest crypto and blockchain technology. Check Bitcoin price, USDT to IDR and Nvidia stock price tokenized via Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading the Pintu crypto app via Play Store or App Store now. Also, experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. Gold Hits $5,000 for First Time Ever. Accessed on January 26, 2026