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| Gold Prices |
Geopolitical Risks Drive Gold Demand
Gold extended its record rally, approaching $4,900 per ounce due to geopolitical tensions in Greenland. The gold price record rally reflects safe-haven demand amid global uncertainty. Meanwhile, Japan’s government debt meltdown further fueled investor interest. As a result, gold has crossed the $4,800 threshold for the first time ever, highlighting the metal’s strategic value.
Central Bank Purchases Support Prices
Central banks continue supporting gold, with Poland planning to buy 150 tons and Bolivia resuming acquisitions. Therefore, the gold price record rally benefits from institutional demand. Meanwhile, gold’s annual gain reached 75% over the past 12 months. In addition, ongoing US-European trade tensions reinforce market reliance on gold as a store of value.
Silver Performance and Market Outlook
Silver declined over 1% after reaching $95.89 per ounce, yet analysts remain bullish. In contrast to gold, silver exhibits higher volatility and potential price corrections. However, the momentum behind the gold price record rally also lifts silver, suggesting sustained investor interest in precious metals during 2026.
ScrapInsight Commentary
Gold’s record rally reflects global uncertainty and rising central bank purchases. Prices are likely to approach $4,900, while silver may see continued volatility. Investors increasingly view precious metals as a hedge against currency debasement and geopolitical risks.
