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Golden milestone: Spot gold has broken through the $4,700-per-ounce barrier for the first time in history, marking a remarkable start to 2026. According to market reports from January 20, this historic surge represents an 8.8% surge since the year began, translating to a gain exceeding $380 per ounce. The achievement underscores spot gold's continued strength amid shifting economic conditions, with investors increasingly turning to the precious metal as a hedge against market volatility and currency fluctuations.