Gold, Silver Prices Soar: Geopolitical Tensions Fuel Rally, No Major Correction Expected
Commodities
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CNBC TV1812-01-2026, 16:00

Gold, Silver Prices Soar: Geopolitical Tensions Fuel Rally, No Major Correction Expected

  • Gold and silver prices are rising due to global uncertainty, geopolitical tensions, and US policy concerns.
  • Surendra Mehta predicts gold will reach $4,900 and silver $95, with further upside to $110 for silver.
  • Key triggers include tensions in Iran, Venezuela, Greenland, weak US job data, and planned US tariffs.
  • Gold sees strong ETF inflows, especially from India; silver experiences heavy physical demand in China and Dubai.
  • No significant correction is expected; dips are seen as buying opportunities due to global economic and geopolitical misalignment.

Why It Matters: Gold and silver prices are set for continued rally, driven by global instability, with no major correction in sight.

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