Gold reached a record high of $4,600 per ounce on January 12, 2026, as investors moved into safe-haven assets amid rising geopolitical tensions and weak U.S. jobs data, according to market reports. The move pushed the metal past a prior $4,500 peak and lifted trader interest worldwide.
A market alert posted on Twitter by Walter Bloomberg flagged the milestone. SPOT GOLD SURPASSES $4,600 PER OUNCE FOR THE FIRST TIME
Rashad Hajiyev expects further gains and outlined a wide range of potential targets. “The gold-to-silver ratio (GTS) target zone is 1998 to 1983-2011 lows around 30-40. Let’s take a very conservative level for GTS 35 and gold price projections for the next 12 to 18 months. Gold price $7K and GTS 35 targets $200 silver price. $8k gold price and GTS 35 targets $230 silver price. In the more optimistic scenario, GTS could decline to 25 or even 20. Which suggests a $400 silver price at 8k gold. I do not know exactly where silver is going. But if history is to repeat, then silver could spike anywhere from $200 to $400 in the present cycle. This post is not investment advice…”
He also highlighted near-term technical triggers for higher prices. “The breakout from an ascending wedge is most likely going to trigger a run-up in gold to $5.5 – 6k…”
