January 5, 2026
Article from Bloomberg by Yihui Xie and Jack Ryan
Article Synopsis
Gold and silver surged as markets reacted to escalating geopolitical risks following the U.S. capture of Venezuelan leader Nicolás Maduro, with gold jumping above $4,455 an ounce and silver gaining as much as 7%. Analysts say the episode has reinforced global uncertainty, a backdrop that typically boosts demand for precious metals, even if the impact can be volatile.
The rally builds on gold’s strongest annual performance since 1979, supported by central-bank buying, rate cuts, ETF inflows, and growing concerns over U.S. debt. Major banks remain bullish, with Goldman Sachs projecting gold could reach $4,900 an ounce as monetary easing and fiscal risks persist.
