Gold Sets Record Above $5,500, Leaving Crypto In The Dust
Gold prices rallied today.
getty
Gold prices surged past $5,500 on Thursday, January 29, reaching a fresh, all-time high while cryptocurrencies like bitcoin and ether languished.
The world’s most valuable precious metal climbed to roughly $5,588.73 per ounce, according to Kitco data. At this point, it was up close to 30% from the start of 2026.
Bitcoin, on the other hand, is largely unchanged compared to the beginning of this year, Coinbase data from TradingView reveals.
The contrast between these two was illustrated by the price movements that took place following the latest Federal Open Market Committee meeting. Gold prices rallied after the central bank left the target range for the benchmark federal funds rate unchanged, while…
