Precious metals rally amid geopolitical uncertainty

Gold and silver have been among the strongest performers in global markets, reflecting heightened investor demand for safe-haven assets as economic and geopolitical uncertainty persists. Recently, gold has climbed to fresh record highs above $4,700 per ounce, driven by risk aversion and expectations of looser monetary policy, while silver has also hit unprecedented levels around $94 per ounce, itself a historic peak.

This price action is not just a short-term blip. Both metals delivered extraordinary gains in 2025: gold rose about 65–66% over the year—its best annual performance in decades—while silver’s rally was even more dramatic, soaring roughly 147–150 %.

In 2026 the momentum has continued. Early in the year, gold was up around 7 % year-to-date, and silver was up about 26–27% as investors increased their exposure to precious metals amid market volatility.

This rapid appreciation—particularly for silver—highlights how much market sentiment has shifted toward defensive positioning. Analysts now project that gold could reach toward $5,000 per ounce or more if current drivers persist, and some scenarios even envision silver challenging the $100 level later this year.

In this context, the anticipated Trump speech in Davos and related geopolitical developments add to investor caution. The uncertainty surrounding policy direction and global trade relations reinforces the narrative that precious metals remain key safe-haven instruments in an environment where risk appetite is fragile.

UCapitalmedia