{"id":132060,"title":"FTSE 100 touches new record, briefly reaching 10,277.72 points","publisher":"Share Talk","author":"sharetalk","published":"2026-01-29T15:08:16+00:00","modified":"2026-01-29T15:08:16+00:00","canonical_url":"https://www.share-talk.com/ftse-100-touches-new-record-briefly-reaching-10277-72-points/","markdown_url":"https://www.share-talk.com/ftse-100-touches-new-record-briefly-reaching-10277-72-points.md","json_url":"https://www.share-talk.com/ftse-100-touches-new-record-briefly-reaching-10277-72-points.json","category":"Blogs","categories":["Blogs","Technology","Technology, Media & Telecoms"],"tags":["Denmark","Endeavour Mining","Fed","Federal Reserve","Finland","FRANCE","FTSE 100","GERMANY","Glencore","Gold","Greenland plan","mining stocks","Nasdaq Composite","NATO alliance","Netherlands","Norway","S&P 500","silver","Sweden","UK","United States","Wall Street"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/01/ft-100-29th-jan.webp?fit=1200%2C800&quality=80&ssl=1","format":"news","language":"en-GB","content":"The **FTSE 100** touched a fresh record high on Thursday,  briefly reaching a 52-week high of 10,277.72 points.\n\nHowever, analysts cautioned that global markets may be entering a “dangerous phase” after **gold** surged beyond $5,500 an ounce. The scale and speed of the rally have raised eyebrows: gold only broke through $4,000 for the first time in October and was trading below $3,000 as recently as last April.\n\n**Silver**’s move has been even more dramatic. The metal has rocketed by about 297% over the past year to above $120 an ounce, after being valued below $30 in July, underscoring the intensity of speculative and safe-haven demand sweeping through precious metals markets.\n\n**US stocks** were mixed in early trading as investors digested major tech earnings that highlighted another surge in artificial intelligence spending, while the Federal Reserve held interest rates steady as widely expected.\n\nThe **Dow Jones Industrial Average** rose 62.50 points, or 0.1%, to 49,075.38, while the **S&P 500** added 9.89 points, or 0.2%, to 6,988.65.\n\nBy contrast, the tech-heavy **Nasdaq Composite** slipped 39.15 points, or 0.2%, to 23,818.30, as concerns about the scale and sustainability of AI-related investment weighed on sentiment in parts of the technology sector.\n\n**Microsoft** shares tumbled in early trading after the company reported slowing growth in its core cloud computing business, taking the shine off otherwise forecast-beating revenue and profit figures for the latest quarter.\n\nThe stock was down around 10% at $433, compared with $481 late on Wednesday, putting it on track for its biggest one-day decline since March 2020, when markets were rocked by the onset of the Covid-19 pandemic.\n\nInvestors appeared to focus on signs of decelerating momentum in Microsoft’s cloud division, which overshadowed the stronger-than-expected headline results. According to **Reuters**, the sell-off reflects growing sensitivity around cloud and AI growth expectations across the technology sector."}