Gold prices hover near record highs as global demand surges

 Gold prices maintained their strong momentum on Monday, trading between $4,594 and $4,667 per ounce on international exchanges.

The precious metal continues to draw support from safe-haven buying amid persistent geopolitical shifts and a weakening outlook for major currencies.

In Azerbaijan, the Central Bank set the official rate for gold at 7,822.06 AZN per ounce (251.48 AZN per gram) as of January 19, 2026.

Experts suggest that sustained interest from institutional investors and central banks, particularly in Asia, remains the primary catalyst for the current rally. Market forecasts indicate a potential push toward the $5,000 mark later this year if economic volatility persists.

N.Tebrizli