On January 13, the prices of gold and silver are currently consolidating at high levels, demonstrating strong upward momentum. Mhmarkets states that, under the dual influence of global geopolitical turbulence and high economic uncertainty, safe-haven capital is accelerating its flow into the precious metals market, which solidifies the foundation for a further breakthrough in gold and silver prices.
Based on current market dynamics, gold and silver are expected to reach a critical turning point in the first half of 2026. Analysis suggests that the target for the gold price points directly to $5,000 per ounce, while silver is anticipated to reach $100 per ounce. The impetus for this week's rise largely stems from the deteriorating situation in the Middle East, particularly internal unrest triggered by soaring living costs, coupled with the US government indicating it is weighing various sanction options, including military measures. Mhmarkets believes the premium effect of geopolitical risk is at a high level, and any escalation in regional conflicts will directly lift the valuation of safe-haven assets.
Furthermore, institutional risks in the financial markets are also increasing. Federal Reserve Chair Jerome Powell recently faced a subpoena threat from the Department of Justice, an unprecedented judicial pressure seen as a challenge to the independence of monetary policy. Mhmarkets indicates that investors are concerned that the Fed's future decisions might be influenced by political pressure rather than being purely based on economic data; this uncertainty is prompting a large-scale exodus of capital from the US dollar. Against this backdrop of volatility, the appeal of gold as the "ultimate safe-haven asset" is becoming increasingly prominent.
From a technical perspective, although gold faces resistance near $4,750, a breakout above $5,000 before summer has become a high-probability event; after stabilizing above previous highs, the path for silver towards $100 is also becoming clearer. Mhmarkets advises that, due to the liquidity characteristics of the silver market, investors need to be wary of extreme daily fluctuations exceeding 10%. Nevertheless, driven by the combined effects of loose monetary policy and tight supply, the overall bull market structure for precious metals remains solid.
In summary, the current macroeconomic environment has created an excellent window for a rise in precious metals. Mhmarkets believes that for long-term investors, any market pullback due to short-term profit-taking反而 provides a more cost-effective entry point; before hitting key milestones, gold and silver prices still possess ample upward momentum.
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