#贵金属行情下跌 Gold has surged to a new all-time high of $5,500 per ounce, with an annual increase of up to 100%

Technical analysis: The Relative Strength Index indicates the market is in overbought territory, with key support at $5,175 and resistance at $6,089
Positive factors: Central banks worldwide purchased approximately 850 tons of gold in 2025, further diversifying assets and reducing reliance on US Treasuries
Institutional funds: The long-short ratio is 0.71, with whales typically building positions at an average price of $5,130, while current gold prices have risen above $5,500
Market status
In January 2026, gold prices briefly soared above $5,500 per ounce, with a cumulative increase of 100% over the past twelve months, reaching a new all-time high
Central banks' demand for gold remains strong, purchasing about 850 tons in 2025, continuing the trend of reserve diversification over the years
Investor demand and geopolitical uncertainties have further driven gold prices higher. The market now views $5,000 as a former ceiling rather than just a psychological barrier