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Gold Eases Slightly From Record Highs While Silver Swings Near the $90 Mark

2026-01-16 09:54:33 | 浏览 56600

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Gold: Off the Peak, Still Firmly in Record Territory

  • By mid-January, spot gold is trading in the 4,600–4,615?dollar per ounce range, a modest pullback from this week’s record highs near 4,640–4,643 dollars, but still near the upper end of its all-time price band.
  • As of the latest readings, gold stands around 4,600 dollars per ounce, roughly 35 dollars below the previous session at the same time, yet up more than 6% over the past month and nearly 70% year-on-year, underscoring the strength of the underlying bull trend.
  • Market commentary highlights the current phase as a high-level consolidation after a sharp surge, with initial support seen near 4,600 dollars and deeper support around 4,430–4,450 dollars, while the 4,650–4,700?dollar zone remains the next key resistance band to watch.

Drivers: Rate-Cut Expectations Intact, Policy and Geopolitical Risks Support Safe-Haven Bids

  • Recent US inflation data have come in relatively benign, and earlier softer-than-expected jobs numbers have reinforced expectations that the Federal Reserve will begin cutting rates this year, potentially more than once, keeping real yields and the US dollar under pressure and supporting gold at elevated levels.
  • At the same time, an inquiry involving Fed Chair Jerome Powell and speculation about possible leadership changes have heightened concerns around central-bank independence and policy stability, prompting investors to lean more heavily on gold as a hedge against institutional and policy-framework risk.
  • Several banks and research houses continue to hold a structurally bullish view on gold, with some projecting that in a backdrop of a softer dollar, rate cuts and persistent geopolitical tension, the metal could test the 5,000-dollar region in the first half of the year, albeit with frequent and sometimes deep interim pullbacks.

Silver and the Broader Precious Metals Complex

  • Silver has been even more explosive than gold. Latest figures put it around 89–90 dollars per ounce, representing a gain of more than 190% over the past year and over 40% in the last month.
  • Analysts attribute silver’s surge above the 90-dollar threshold not only to safe-haven flows but also to tight supply and robust industrial demand from sectors such as renewables, electronics and AI-related technologies, making silver a high-beta expression of the gold trade — similar direction, but larger swings.
  • Platinum and palladium are also trading at elevated levels, with platinum near 2,361 dollars and palladium close to 1,840 dollars per ounce, as ongoing structural demand from automotive and clean?energy applications continues to underpin prices.

Upway Global: Driving New Patterns in Gold Investment

Upway Global, a prominent brand under Upway Group, has been rooted in the market for over 16 years, holding Grade AA member status (No. 084) at the HKGX and serving as a core member of Bullion Group. As a key player in the precious metals investment sector, Upway Global strictly follows international purity and quality standards, earning the prestigious “Recognised Delivery Bar Refiner Certificate,” ranking among Hong Kong’s top refiners. The brand focuses on offering diverse electronic trading in precious metals, its outstanding market performance includes a single-day XAU turnover reaching USD 80.75 billion in 2025, with over 2.1 million active members and over 7.6 billion cumulative orders, maintaining the highest average monthly trading volume at the HKGX.

At the same time, Upway Global recognises that user experience is central to brand competitiveness. Our platform offers 24/7 multilingual customer support, with dedicated service specialists assisting clients around the clock. Standing side by side with investors in a rapidly changing market, Upway Global helps clients achieve steady asset growth through reliable and professional services.