Gold Hits Record $4,748—Ghana Deepens Local Refining as Prices Soar!
Gold prices have reached an all-time high, showing how important the metal is becoming as the world economy becomes more uncertain, tensions rise between countries, and monetary expectations change. On Tuesday, January 20, 2026, spot gold rose 1.6 percent to a record $4,748.09 per ounce. This was part of a strong rally that shows that investors are still interested in gold, the market is still moving, and gold is still a good store of value and a core portfolio asset. Analysts say the move is part of a longer-term trend of rising prices, not just a short-term spike. Ghana, Africa’s largest gold producer, is trying to get more value from its resources by refining gold at home. It has signed a value-addition agreement with Gold Coast Refinery Limited to refine one metric tonne of gold locally every week starting on February 1, 2026. This move is expected to increase export earnings, keep refining fees, and deepen the country’s involvement in the global gold value chain at a time when prices are at an all-time high.
