DB Gold Double Long ETN due February 15, 2038

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Gold trades near $5,000 as safe-haven demand surges, while silver builds momentum toward $100 amid strong technical trends.

U.S. dollar's weakness provided support to precious metals markets.

(Kitco News) Gold, silver, and copper entered 2026 with momentum that reflects deeper structural pressures rather than a short-lived rally, according to David Erfle, founder of JuniorMinerJunky.com. He believes rising geopolitical risk, expanding sovereign debt, and growing uncertainty around U.S. monetary policy are reinforcing demand for metals as the new year begins.

XAU/USD stabilizes near $4,825 after a pullback, while silver holds $94.30 as rising channels and EMAs keep the broader bullish setup intact.

Goldman Sachs has revised its year-end 2026 gold price projection upwards, increasing the forecast to $5,400 per ounce from the previous $4,900/oz.  This adjustment is attributed to the ongoing trend of private-sector and emerging market central banks diversifying their reserves into gold.

David Roche from Quantum Strategy shared his outlook on markets amid geopolitical tensions, forecasting Japan's 10-year government bond yield to rise to 2.9% within a year as government debt increases. Roche also predicted that gold could climb to $6,000 soon.

Goldman Sachs has raised its end-2026 gold price forecast to $5,400 per ounce from $4,900/oz earlier, noting private-sector and emerging market central banks' diversification into gold.

Gold markets gained ground as traders focused on Trump's comments in Davos.

Retail investors are diving into the stock rotation as the year kicks off, shifting away from crowded growth trades and into assets with direct links to the real economy, according to Citadel's Scott Rubner.

Silver holds near record $95.78 high as geopolitical tensions and Trump's Davos speech loom. Technical analysis shows uptrend intact with key support levels.