Gold and silver prices have started the year on a strong footing, with gold trading at $4,446 per ounce (+1.68%) and silver at $76.79 (+3.61%), as investors continue to rotate toward real assets amid a weaker US dollar and persistent geopolitical and policy uncertainty. UBS argues that gold’s move to fresh record highs reflects more than short-term momentum. {chart} The bank expects demand to build steadily through 2026 as real yields decline and concerns grow around US fiscal sustainability, domestic policy direction and the mid-term election cycle. In that environment, gold’s lack of counterparty risk remains a key ... (full story)