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Gold, silver and platinum regain momentum as 2026 opens with familiar risks and new tensions
Gold, silver, and not least platinum have all surged during the first trading days of 2026, rebounding decisively from the modest correction seen toward the end of last year. The early strength suggests that the underlying drivers behind the 2025 rally remain intact rather than exhausted. At a macro level, familiar themes continue to dominate. Concerns about currency debasement and the long-term sustainability of fiscal debt creation remain unresolved, while expectations of lower policy rates later in the cycle and a softer US dollar continue to underpin investor demand for hard assets. In that sense, the turn of the ... (full story)