Gold prices averaged USD 4,720 per troy ounce in January, up 9.4% from December. On 30 January, the commodity traded at USD 5,030 per troy ounce, up 16.3% from 31 December.
Average gold prices rose again in January vs December, marking a sixth straight monthly increase. Prices reached new record highs above USD 5,000 per ounce on heightened geopolitical tensions and a weaker dollar amid Fed independence probes. Still, gold lost some ground at end-January, as the market corrected and President Trump nominated Kevin Warsh as the next Fed chairman; expectations that Warsh won’t embark on aggressive rate cuts curbed gold’s appeal.
This chart displays Gold (US$/toz) from 2024 to 2025.
Gold LBMA (prices in US$/toz, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gold LBMA | - | - | - | - | 2,072 | 2,338 | 2,474 | 2,661 | 2,857 | 3,286 | 3,458 | 4,155 |