10:21 AM · 28 January 2026

Gold surges 2% testing $5300 level amid weakening US dollar 📈

Gold is up nearly 2% today and is testing levels close to USD 5,300 per ounce, lifting sentiment across the broader metals market as well as shares of mining companies such as Newmont Corp, Barrick Gold, and AngloGold Ashanti. The US Dollar is weakening ahead of the Fed meeting today, scheduled at 6 PM GMT and Fed chair Powell speech at 6:30 PM GMT.

Gold (D1 interval)

Looking at the GOLD chart on a daily interval, the RSI indicator has climbed to around 88, suggesting extreme overbought conditions. A sharp correction began from a similar level in October; back then, gold also reached an RSI reading of 90.

Source: xStation5

Data show that over the past 26 years, gold has not recorded stronger 20-session gains than the rally currently underway.

Source: XTB Research, xStation5

Source: XTB Research, Bloomberg Finance L.P.

28 January 2026, 11:12 AM

US500 at all-time high ahead of the Fed🗽Will BigTech support the momentum?

28 January 2026, 8:08 AM

AUDUSD: Will the RBA be the next central bank to return to rate hikes?

27 January 2026, 6:53 PM

Daily summary: Wall Street and EURUSD rise ahead of tomorrow’s Fed decision 🗽 Oil gains

27 January 2026, 6:34 PM

US100 gains 0.8%📈

Commodities

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