Gold, Silver Rally Extends to 2026 Amid Geopolitical Fears, Inflation Concerns

• Global gold and silver prices continue their record rally, with spot gold at $4,351.70 and silver at $72.63 on January 2.
• Gold marked its largest annual gain in 46 years, while silver recorded its highest-ever yearly increase of 140% last year.
• The rally is attributed to sustained central bank buying, robust ETF inflows, geopolitical uncertainty, and inflation concerns.
• Analysts like Vishnu Varathan (Mizuho) and Inderbir Singh Jolly (PL Wealth) view it as a structural shift and hedge against USD debasement.
• Precious metals are expected to remain supported, with gold potentially reaching $4,500–$5,000 an ounce.

Why It Matters: Precious metals rally continues into 2026, driven by global uncertainties and investor demand for hedges.