Global gold prices fell on Thursday, as precious metals saw a broad decline driven by subsiding geopolitical risks and a diminishing appetite for safe-haven assets. In early spot trading, gold fell by 0.8% to $4,799.79 per ounce as of 01:36 GMT, following a record high of $4,887.82 reached in the previous session. Other precious metals followed the downward trend:Spot Silver dropped 0.9% to $92.38 per ounce, cooling off from Tuesday’s record peak of $95.87. Platinum plunged 2.7% to $2,415.60 per ounce, down from Wednesday’s record high of $2,511.80. Palladium slipped 1% to $1,821.50 per ounce after hitting a one-week high in the previous session.

Source: Egypt Independent January 23, 2026 11:42 UTC