Gold Forecast: Prices Continue to Climb – 21 January 2026
Gold prices continue to climb on Tuesday as geopolitical tensions and US dollar weakness fuel bullish momentum, with $5,000 per ounce now in sight.

Gold prices continue to climb on Tuesday as geopolitical tensions and US dollar weakness fuel bullish momentum, with $5,000 per ounce now in sight.
The Australian dollar is testing major resistance against the USD, fueled by stronger Chinese manufacturing data, RBA rate hike expectations, and rising commodity demand.
The USD/CHF pair slipped amid safe-haven flows into the Swiss franc, but analysts expect a rebound as interest rate differentials and SNB intervention risks favor the dollar.
The AUD/USD pair extended its bullish momentum as the US dollar weakened and traders await key Australian employment data, with 0.6800 as the next upside target.
The S&P 500 has pulled back to test the critical 6800 support level amid tariff-related market drama, presenting a possible buy-the-dip opportunity.
USD/CAD fell sharply on Tuesday amid broader dollar weakness and rising oil prices, but key support near the 200-day EMA and 1.3750 could attract buyers.