Commodities

Dollar Posts Biggest Gain Since May as Precious Metals Plunge

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By Anya Andrianova and Carter Johnson

January 30, 2026 at 7:48 PM UTC

Updated on

January 30, 2026 at 9:23 PM UTC

The dollar jumped the most since May, ending a volatile month on an up note as plunging gold and silver prices dragged down currencies from Australia to Sweden.

The Bloomberg Dollar Spot Index closed 0.9% higher on Friday, gaining against all major peers to end a wild month in which it has been whipsawed by President Donald Trump’s policies.