Gold Returns to the $5000 Level: Opportunity or Trap?

Since the beginning of 2026, gold has experienced a rollercoaster ride: approaching a historic high of $5600 at the end of January, the largest single-day drop in 40 years on January 30th, and a strong rebound back above $5000 on February 9th.

Why is gold prices so crazy?
Geopolitical conflicts, Federal Reserve policy swings, global central bank gold purchases, dollar fluctuations, and amplified speculative sentiment—all these factors have jointly driven this thrilling market.

So, can you still buy now?
In the short term, gold prices are still oscillating at high levels with intense volatility, making the risk of chasing gains or panic selling extremely high.
In the medium to long term, the logic for holding gold remains: central bank gold buying trends continue, de-dollarization is ongoing, and uncertainties persist over the long term.

To summarize:
The long-term value of gold as an investment remains, but in the current high-volatility environment, it’s more suitable to take a “small, slow, and phased approach” rather than “going all-in or blindly betting.”