BiyaPay Analyst: Gold Nears $5000, Up 15% in a Month

BlockBeats News, January 23rd, spot gold continued to strengthen, reaching a high of $4960.65 per ounce during the session, hitting a new all-time high, with a monthly gain of 15%. Amid the repeated impact of Trump's tariffs and geopolitical remarks, global market risk appetite quickly cooled, with funds accelerating into safe-haven assets such as precious metals.

BiyaPay analysts believe that gold currently possesses dual momentum for both short-term and long-term upward movement, and its decreasing correlation with the stock market has significantly increased its diversification value in asset allocation. The precious metals sector as a whole has entered a trending upward phase, and the gold price still has room to continue rising. Amid "de-dollarization," geopolitical uncertainty, and ongoing central bank buying, gold's structural support remains strong, with any short-term pullback more likely to be seen as a positioning opportunity rather than a trend reversal.

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