Gold Breaks US$5,000 per Ounce, JFXGOLD X Physical Gold Exchange Rises 17% in Early 2026
Jakarta, MetalNews Digital - Global gold prices reached a new all time high, breaking above US$5,000 per troy ounce during trading on Monday, 26 January 2026. The surge was driven by a sharp increase in safe haven demand amid escalating global geopolitical uncertainty and weakening investor confidence in United States assets. On the JFXGOLD X Physical Gold Exchange, gold prices rose 3.02 percent to US$5,090.28 per troy ounce, after previously touching an intraday peak of US$4,941.21 per troy ounce during last Friday’s trading session.
The global rally was immediately reflected in domestic exchange based physical gold trading. Since the beginning of 2026, gold prices on JFXGOLD X have surged by more than 17 percent within less than one month, lifting prices to US$5,090.28 per troy ounce, equivalent to IDR 2,807,008 per gram.
The strong performance of gold has been supported by rising investor demand for safe haven assets, expectations of monetary easing in the United States, and sustained gold purchases by global central banks. China, for instance, has continued its gold accumulation for fourteen consecutive months through December, reinforcing long term structural demand for the precious metal.
Senior Market Analyst at Capital.com, Kyle Rodda, as quoted by Reuters, stated that the surge in gold prices reflects a growing crisis of confidence in the United States government and financial assets. This sentiment has been exacerbated by inconsistent trade policies under US President Donald Trump, which have contributed to heightened uncertainty across global markets.
From the currency perspective, the weakening of the US dollar, driven partly by the strengthening Japanese yen, has further supported gold prices by enhancing the metal’s attractiveness to global investors ahead of the upcoming Federal Reserve meeting.
Positive sentiment toward gold has also been reinforced by political developments in the United States. The threat by the Democratic Party in the Senate to block government funding packages, including the budget for the Department of Homeland Security, has increased the risk of fiscal deadlock and a potential partial government shutdown.
Historically, such conditions tend to support gold prices through heightened policy uncertainty, stronger risk off sentiment, declining confidence in US institutions, pressure on the US dollar and real yields, and a broader shift toward safe haven assets. While not classified as a global shock, prolonged budget disputes are viewed as factors that may keep gold prices elevated or extend the upward trend.
Head of Research and Market Development at Metalbank Global Monetary, Robby Leonardo, noted that as markets continue to monitor Federal Reserve policy direction and upcoming US macroeconomic data releases, global investors are increasingly adopting defensive and selective cross asset strategies.
“Gold remains the primary hedging instrument, while in the foreign exchange market the rupiah is expected to trade within the range of IDR 16,600 to IDR 16,800 per US dollar,” he said.
In equity markets, investors are increasing protection against concentrated exposure in United States technology stocks, while selectively observing opportunities in cyclical stocks and large capitalization commodity exporters in the domestic market. Foreign capital flows are expected to remain a key determinant of market direction.
Gold trading through the JFXGOLD X Physical Gold Exchange is accessible via the METALGO+ and NUNOMICS applications, as well as through the Pospay Gold feature within the Pospay application.
Disclaimer
Price information and market analysis are provided for informational purposes only and do not constitute investment advice. Market conditions may change at any time. Investors are advised to conduct independent assessment before making investment decisions.
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