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30 Jan 2026
Gold rally stalls as prices drop 4% after a sharp run-up; Asia-Pacific stock markets trade mixed
Summary
Gold and silver prices fell after hitting record highs, with gold dropping over 4% to $5,156.64 per ounce and silver falling over 5% to $110.26 per ounce. Asia-Pacific markets traded mixed, with South Korea’s Kospi and Japan’s Nikkei 225 rising, while Hong Kong’s Hang Seng and mainland China’s CSI 300 declined. Oil prices also slid after President Trump reportedly expressed intent to speak with Iran.