Gold Trust ETF rises nearly 4%, spot gold briefly approaches $5,600, and Wall Street believes $5,000 is the starting point for the new normal.

Glonghui, January 29｜The gold trust ETF (IAU.US), which was selected as one of Glonghui's "Global Vision" Top 10 Core Assets for 2026, closed up 3.87% at $101.25. In terms of news, spot gold continued to rise in early trading today, at one point approaching $5,600. Looking at recent reports from multiple institutions, top Wall Street institutions have shifted their gold pricing logic from "real interest rate pricing" to "monetary system risk pricing." Although there are differences in specific figures among institutions, the vast majority (Goldman Sachs, JPMorgan, Bank of America, Societe Generale, Deutsche Bank) believe that $5,000 is the starting point of the new normal, not the end point.