February gold futures on the New York Mercantile Exchange (COMEX) updated a historical high, rising to almost 4403 dollars per troy ounce on Thursday evening.

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Then they slightly dropped — to 4,402.85 dollars per troy ounce.
Analysts believe that gold may briefly stay at this level. About a quarter of the demand for this precious metal is investment-driven, which means it could return to the market as supply.
Analysts at JP Morgan, Bank of America, and consulting firm Metals Focus now expect the price of bullion to reach 5000 dollars per troy ounce in 2026.
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