Gold Sees Biggest Monthly Gain Since 1980 Amid Geopolitical Tensions

• Gold prices dipped in the global market due to a strong dollar and profit-taking, yet are set for their largest monthly gain since 1980.
• Investors are flocking to gold as a safe haven asset amidst rising geopolitical tensions and economic uncertainties.
• Spot gold fell 0.9% to $5346.42 per ounce, recovering from an earlier 4.6% drop, after touching a peak of $5594.82.
• Gold prices have surged over 24% in January, marking the sixth consecutive month of gains.
• Silver also saw a significant rise, up 62% this month, heading for its best single-month performance.

Why It Matters: Despite a slight dip, gold is poised for its biggest monthly gain since 1980, driven by safe-haven demand.