Gold, Silver Hit Record Highs; Geopolitical Tensions, US Tariffs Impact Markets

• Gold and silver prices reached new record highs, with gold exceeding $90 per ounce for the first time and COMEX silver seeing a correction after rising above $93.7.
• In India, gold futures for February 5, 2026, were ₹1,42,474 per 10 grams, and silver futures for March were ₹2,87,701 per kilogram on January 16, 2026.
• Global attention is on the EU-US conflict after the Trump administration imposed new tariffs on the EU following the Greenland acquisition claim, leading to suspended trade agreements.
• Experts like Ponmudy R and Prasenjit Pal suggest gold and silver maintain long-term appeal due to supply deficits, central bank purchases, and industrial demand, despite near-term volatility.
• Gold is seen as a disaster insurance and hedge against systemic pressures, while silver, linked to industrial activity, is considered a cyclical asset and strategic satellite allocation.

Why It Matters: Gold and silver hit record highs amid geopolitical tensions and US tariffs, maintaining long-term bullish outlook.