Gold and silver touched historic highs on Monday, January 12, marking their first record rally of 2026. Spot gold climbed above $4,600 per ounce for the first time, while silver surged to a record $83.50 per ounce.
The sharp rise in precious metals prices is being driven by heightened geopolitical tensions and growing expectations of interest rate cuts by the US Federal Reserve, prompting investors to shift towards safe-haven assets. This rally represents gold’s first record level in 2026.
Silver’s strong performance has been supported not only by increased investment demand but also by robust industrial demand, further strengthening prices.
Market participants remain cautious amid global uncertainties, with precious metals continuing to attract investor interest as a hedge against volatility and potential economic slowdown.
