‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌  ‌ ‌ ‌  ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌

January 27th 2026

The Economist Today The best of our journalism, handpicked each day

Roger McShane US digital editor

Bad news or good news? No matter: the price of gold has kept heading up regardless. It’s broken through $5,000 per ounce for the first time and is already higher than some forecasts for the end of 2026. We explain why.  Elsewhere, Donald Trump’s deportation campaign increasingly looks like a political liability. His administration has begun to give ground in Minneapolis. Now Democrats are threatening to withhold government funding unless Republicans agree to constraints on Immigration and Customs Enforcement.

Start your free trial today Get digital access to independent global analysis Subscribe

Editor’s picks A selection of must-read articles

Based metal What is driving gold’s relentless rally? The ancient asset is attracting new investors

→ The bull market for gold has a dirty secret

Cracks in the crackdown Republicans are waking up to the awful optics in Minneapolis A partial government shutdown over the president’s immigration campaign looks likely

Direction of travel How to tell if Venezuela is heading for democracy The regime is opening up the economy, but its political moves lack credibility

Ghostbusted The West and Ukraine are capsizing Russia’s shadow fleet And sinking its oil revenues in the process