VanEck Merk Gold Trust

OUNZ

Market cap $2.66B

Fresnillo PLC (LSE:FRES) remains a top pick at JPMorgan, which says the recent surge in gold and silver prices reinforces the case for further upside, despite the stock's strong run. Gold and silver jumped sharply at the start of the week, rising 2% and 7% respectively, after renewed geopolitical tensions around Iran and fresh uncertainty over US monetary policy.

Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.

If you get the US dollar correct, you get the rest of the forex markets correct and many other assets as well, generally speaking. This is what I am focusing on today.

Let me start the new year by laying out a proven investment fact:

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.

Gold pulls back from $4,630 as a stronger US dollar and CPI risk weigh, while geopolitical tensions and bullish structure limit downside pressure.

Gold edged lower in the early Asian session on a likely technical correction after gold futures settled at new records overnight.

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

Gold investors understandably don't believe there's any mystery about why gold GC00 +2.34% has soared in the past year. They offer no shortage of theories to explain gold's price rise. But I know of no theory that has a statistically significant record of predicting gold prices. So why gold did so well in 2025 can't really be explained. A mystery, in other words.