The precious metals They started the new year on the right foot on Friday, recovering from year-end declinesas tensions between major powers and hopes of an interest rate cut in the United States stimulated investor appetite for gold.
He spot gold rose 1.7% to $4,386.99 per ounce this Friday morning, after reaching a all-time high of 4,549.71 dollars on December 26. It had fallen to a two-week low on Wednesday.
The US gold futures for delivery in February rose 1.3%, to $4,399.50 per ounce.
“Precious metals have started the year 2026 on a very positive note (…) After profit-taking in the last days of 2025, the bulls seem to be recovering strength thanks to geopolitical risk already hopeful that US interest rates will fall this year,” said Lukman Otunuga, senior analyst at FXTM.
Regarding physical demand, gold was quoted at a premium in the main centers of India and China for the first time in about two months, as the recent correction from record highs helped lift retail demand.
He bullion up 64% in 2025its biggest annual rise since 1979, driven by Fed rate cuts, geopolitical tensions, heavy central bank buying and rising ETF holdings.
Investors currently expect at least two Fed rate cuts of a quarter point this year FEDWATCH. Non-interest-bearing assets typically perform well in low interest rate environments.
The cash money advanced 4.5% to $74.43 an ounce, after reaching a record high of $83.62 on Monday, while the platinum rose 3.7% to $2,130.44 an ounce, after hitting a record high of $2,478.50 on Monday.
Both metals registered the best year in its historywith silver leading the way by posting annual gains of 147%, driven by its designation as a critical mineral for the United States, supply shortages and low inventories amid growing industrial and investment demand.
