Gold and silver kick off 2026 with a fresh surge.

Intro

Welcome to Goldbank Insider. Today we’re breaking down why precious metals have started 2026 with a bang, with gold up about 1.5% and silver up about 3.6% in early trade, extending the powerful run we saw through 2025.

What happened

Markets opened the year in thin holiday trading, while precious metals show no sign of stopping. Spot gold moved up to around $4,378 per ounce and silver to about $73.85 on the day.

The bigger context is that 2025 was a standout year for metals, with gold posting its biggest rise in 46 years, and silver and platinum notching record gains.

The 3 big drivers behind the move

Rates and the Fed path

Markets are watching the US rate path closely. Investors are focused on where the Federal Reserve goes ...