Singapore, January 30, 2026 — Gold prices fell by more than four percent on Friday, as news circulated about potential changes in the leadership of the Federal Reserve (the U.S. central bank). Meanwhile, the precious metal continues its trend toward achieving its strongest monthly gains since 1982, as investors turn to safe-haven assets.
Spot gold declined by 4.2 percent to $5,172.80 per ounce after dropping more than five percent earlier.
Gold had reached an unprecedented level of $5,594.82 on Thursday.
U.S. gold futures for delivery next February also fell by 2.7 percent to $5,176.40 per ounce today.
Regarding other precious metals, the spot price of silver dropped by 5.7 percent to $109.55 per ounce, after hitting a record high of $121.64 in the previous session.
Platinum lost 5.3 percent to $2,489.31 per ounce, after reaching its all-time high of $2,918.80 last Monday, while palladium rose by 5.8 percent to $1,890.25.
Singapore
Singapore is a sovereign city-state and island country in Southeast Asia, founded as a British trading colony in 1819 by Sir Stamford Raffles. It gained independence in 1965 and rapidly transformed into a global hub for finance, trade, and tourism, known for its remarkable economic development and multicultural society. Key cultural sites include the historic districts of Chinatown and Little India, as well as modern landmarks like the Marina Bay Sands integrated resort.
Federal Reserve
The Federal Reserve is the central banking system of the United States, established by Congress in 1913 with the Federal Reserve Act to provide the nation with a safer, more flexible, and more stable monetary and financial system. It conducts national monetary policy, supervises and regulates banks, and works to maintain the stability of the financial system.
U.S.
The United States of America is a federal republic founded in 1776 following its Declaration of Independence from Great Britain. Its history is marked by westward expansion, a civil war over slavery, and its emergence as a global superpower in the 20th century.
