US-Venezuela Tensions Fuel Gold, Silver Surge; Analysts Predict 2026 Impact

• US military action against Venezuela on January 3 triggered a significant rise in gold and silver prices, with gold gaining 4% and silver surging 14% by January 6.
• Comex spot gold hit $4,500 and silver reached $82.215 per ounce, while MCX futures saw gold at Rs 1,40,465/10g and silver at Rs 2,59,322/kg.
• Analysts predict that prolonged US-Venezuela conflict could sustain precious metal demand into 2026, driven by safe-haven appeal and investor protection against volatility.
• Venezuela's strategic role in energy and alliances with non-Western powers like China could accelerate central bank demand for gold.
• Silver's outlook is complex, balancing its safe-haven status with industrial demand (solar, EV) and potential volatility, but with upside if tensions persist.

Why It Matters: US-Venezuela conflict is driving gold and silver prices up, with analysts forecasting sustained demand into 2026.