Gold dips from record peak amid profit-taking

MG News | January 30, 2026 at 11:42 AM GMT+05:00

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January 30, 2026 (MLN): Gold prices retreated on profit booking following a historic rally, though the precious metal remains poised for its strongest monthly performance in decades amid ongoing economic and geopolitical uncertainties.

Spot gold fell 2.59% to $5,171.66 an ounce as of [11:38 AM] PST, according to data reported by Mettis Global.

Despite the pullback, gold is still up roughly 24% for the month and has gained 7% just this week, according to CNBC.

Heightened geopolitical tensions are also supporting bullion demand. On Wednesday, former U.S. President Donald Trump urged Iran to negotiate a nuclear deal, prompting Tehran to threaten retaliation against the U.S., Israel, and allied nations.

Meanwhile, the U.S. Federal Reserve left interest rates unchanged, with markets now turning attention to Trump’s upcoming choice for Federal Reserve chair, as Jerome Powell’s term concludes in May.

Silver mirrored gold’s volatility, sliding 2.1% to $114.14 an ounce after peaking at $121.64 earlier in the week. The metal has surged more than 60% this month, driven by tight supply and strong speculative buying.

Copyright Mettis Link News

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Name	Price/Vol	%Chg/NChg
KSE100	184,951.81 143.84M	1.43% 2613.69
ALLSHR	111,179.19 345.80M	1.43% 1570.38
KSE30	56,817.89 56.31M	1.59% 890.74
KMI30	262,618.25 53.68M	1.98% 5090.39
KMIALLSHR	71,549.70 157.16M	1.68% 1181.47
BKTi	53,422.22 14.08M	1.38% 725.37
OGTi	39,038.15 9.26M	2.46% 936.10

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	82,875.00	84,945.00 81,210.00	-1180.00 -1.40%
BRENT CRUDE	68.39	69.73 67.79	-0.01 -0.01%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-2.35 -2.64%
ROTTERDAM COAL MONTHLY	98.80	98.80 98.80	0.10 0.10%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	64.26	65.87 63.64	-1.16 -1.77%
SUGAR #11 WORLD	14.71	14.81 14.61	0.00 0.00%