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Gold Prices Soar Amid U.S.-Iran Tensions, Africa Leads Reserves

1/30/2026

48 11 Full Breakdown

Summary

Story summary

Gold prices surged to historic highs in late January 2026, surpassing $5,000 per ounce as tensions between the United States and Iran intensified.
Libya holds $92.9 billion in foreign exchange and gold reserves, leading Africa and ranking 31st globally.
Algeria holds $83.0 billion in reserves (33rd), bolstered by hydrocarbon exports.
South Africa holds $65.4 billion in reserves (38th), with diversified exports and strong mining output.

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Story summary

Gold prices surged to historic highs in late January 2026, surpassing $5,000 per ounce as tensions between the United States and Iran intensified.
Libya holds $92.9 billion in foreign exchange and gold reserves, leading Africa and ranking 31st globally.
Algeria holds $83.0 billion in reserves (33rd), bolstered by hydrocarbon exports.
South Africa holds $65.4 billion in reserves (38th), with diversified exports and strong mining output.