Why did the price of gold hit a record high today?

The price of gold benefits from U.S. dollar weakness, safe haven demand, and steady central-bank buying. When the dollar slides, global buyers can afford more in local currency, lifting demand. Geopolitical tensions and policy uncertainty also push investors toward assets with low default risk. Lower real yields reduce the opportunity cost of holding bullion, further supporting prices.

How does U.S. dollar weakness affect Canadian investors in gold?

Gold trades in U.S. dollars, so U.S. dollar weakness usually pushes the price of gold higher. For Canadians, returns also depend on the CAD. Unhedged ETFs add currency exposure, which can help if the U.S. dollar falls, but can hurt if the U.S. dollar rebounds. Hedged ETFs mute currency effects, making performance closer to spot bullion moves.

Is GLD a good way for Canadians to gain exposure to bullion?

GLD tracks the price of gold by holding bars, offering liquidity, transparent structure, and no storage logistics for investors. It does not have analyst ratings or earnings. Returns may differ slightly from spot due to fees and FX. Consider CAD-hedged funds if you want to reduce currency swings, and always size positions based on volatility and portfolio limits.

Global Market Insights

GLD Stock Today, January 27: Gold Tops $5,000 on Dollar Slide

ByHuzaifa Zahoor January 27, 2026January 27, 2026

The price of gold jumped above US$5,000 per ounce today, reflecting U.S. dollar weakness and stronger safe haven demand as investors react to global tensions. This gold record high also lifted silver to US$110, drawing attention to bullion ETFs and Canadian miners. For Canada-based investors, the move shifts focus to currency effects, liquidity, and risk controls. We break down what is driving the price of gold, how proxies are trading, and practical steps to manage exposure in Canadian dollars.