--- title: "The U.S. escalates threats against Iran, gold reaches a new high of $5,580, U.S. stock futures are under pressure, and the Indonesian stock market plummets 8%" description: "According to Xinhua News Agency, U.S. President Trump \"is considering launching a new major strike against Iran,\" causing spot gold to rise more than $150 during the day, reaching above $5,580 per oun" type: "news" locale: "en" url: "https://longbridge.com/en/news/274080541.md" published_at: "2026-01-29T09:03:57.000Z" --- # The U.S. escalates threats against Iran, gold reaches a new high of $5,580, U.S. stock futures are under pressure, and the Indonesian stock market plummets 8% > According to Xinhua News Agency, U.S. President Trump "is considering launching a new major strike against Iran," causing spot gold to rise more than $150 during the day, reaching above $5,580 per ounce at its peak. The Asia-Pacific market is under pressure, with the Indonesian stock market falling for the second consecutive day, triggering a trading halt On January 29, the escalation of military threats from the United States against Iran triggered risk aversion, with gold rising to $5,580, setting a new historical high, while U.S. stock futures came under pressure. The Asia-Pacific market faced pressure, with the Indonesian stock market experiencing a second consecutive day of sharp declines, triggering a trading halt. According to Xinhua News Agency, CNN reported on the 28th that U.S. President Trump "is considering launching a new major strike against Iran." The report cited sources saying that options being considered by Trump include airstrikes against Iranian leaders and security officials, as well as attacks on Iranian nuclear facilities and government institutions, but no final decision has been made. Spot gold surged more than $150 during the day, reaching above $5,580 per ounce, setting a new historical high, while silver rose 1.2%, also breaking records. Brent crude oil increased by 0.8% to its highest level since September. In the Asia-Pacific stock market, following yesterday's sharp decline, Indonesia's benchmark stock index saw its losses widen to 8% today, triggering a market trading halt. Previously, MSCI announced it would suspend index adjustments and urged regulators to address issues of concentrated equity. In other stock markets, S&P 500 futures fell by 0.2%. Japan's Topix index dropped by 0.5%, and Australia's S&P/ASX 200 index declined by 0.7%. The Bloomberg Dollar Spot Index fell by 0.1%, giving back some of the gains after BofA reiterated a strong dollar. The yen recovered some of its losses from Wednesday. U.S. Treasury yields remained stable after the Federal Reserve kept the benchmark interest rate unchanged. Continuously updating ### Related Stocks - [IAU.US - iShares Gold Trust](https://longbridge.com/en/quote/IAU.US.md) - [159562.CN - ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF](https://longbridge.com/en/quote/159562.CN.md) - [518850.CN - ChinaAMC Gold ETF](https://longbridge.com/en/quote/518850.CN.md) - [GOAU.US - Us Gbl GLD & Met](https://longbridge.com/en/quote/GOAU.US.md) - [SGOL.US - Abrdn Gold ETF Trust](https://longbridge.com/en/quote/SGOL.US.md) - [600547.CN - SD-GOLD](https://longbridge.com/en/quote/600547.CN.md) - [UGL.US - Pro Ultr GLD](https://longbridge.com/en/quote/UGL.US.md) - [DBP.US - Invesco Db Precious Metals ETF](https://longbridge.com/en/quote/DBP.US.md) - [KGC.US - Kinross Gold](https://longbridge.com/en/quote/KGC.US.md) - [GLTR.US - Abrdn Precious Metals Basket ETF Trust](https://longbridge.com/en/quote/GLTR.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Metis Global Partners LLC Grows Stock Holdings in Kinross Gold Corporation $KGC | Metis Global Partners LLC increased its stake in Kinross Gold Corporation (NYSE:KGC) by 222.1% in Q3, owning 150,485 sha | [Link](https://longbridge.com/en/news/275975918.md) | | Life After Goldmageddon – Boring Is The New Up | ChillingOur base case for gold, outlined recently, remains that the shiny metal needs to consolidate after the huge run- | [Link](https://longbridge.com/en/news/276062495.md) | | PRECIOUS-Gold prices dip on firmer U.S. dollar | Gold prices dipped as the U.S. dollar strengthened, following a previous gain of over 2%. Spot gold fell 0.4% to $5,020. | [Link](https://longbridge.com/en/news/276021848.md) | | Gold.com (NYSE:GOLD) Director Sells 75,179 Shares | Gold.com Inc. (NYSE:GOLD) Director Jeffrey Benjamin sold 75,179 shares at an average price of $60.94, totaling $4,581,40 | [Link](https://longbridge.com/en/news/276179921.md) | | What to Expect from Kinross Gold's Earnings | Kinross Gold (NYSE:KGC) is set to announce its quarterly earnings on February 18, 2026, with analysts estimating an EPS | [Link](https://longbridge.com/en/news/276140299.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.