Financial Analyst/Content Writer, RADEX MARKETS
Lawrence J. came from a strong technical and engineering background before pivoting into a more financial role later on in his career. Always interested in international finance, Lawrence is experienced in both traditional markets as well as the emerging crypto markets. He now serves as the financial writer for RADEX MARKETS.
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Gold and silver are both inches away from hitting seismic milestones. Gold came within $40 of the $5,000 mark earlier today, while silver pushed over $99, putting it less than a dollar away from three figures. Not one to be forgotten, platinum was up to $2,600 per ounce this morning after surging the better part of 6% yesterday. All three metals enjoyed blistering rallies yesterday and the momentum is once again fully intact as of this morning. We are only a few weeks into 2026 and gold, silver and platinum are already up by 15%, 38% and 30% respectively, completely demolishing expectations and forcing major institutions to increase forecasts for precious metals. While tensions surrounding Greenland have abated in the latter half of this week, safe-haven flows have not. For now, precious metals are enjoying the view from the top.
US stocks have all but recovered from the selloff earlier in the week after enjoying a modest rally over the last two sessions, with the Dow Jones in particular almost notching a new record intra-day high on Thursday. Wall Street had extra reason to be optimistic yesterday after the latest revision to Q3 GDP growth, which revealed that the US economy grew at an annualised rate of 4.4% in the third quarter, beating previous estimates. The Dollar continued its slide against other major currencies yesterday, pushing the Pound up to $1.35 and the Euro up to $1.175. The exception is the Japanese Yen, which is fast approaching record lows against the Dollar, nearing 159 Yen. Meanwhile, in cryptocurrencies, Bitcoin is once again anchored to the middle of the same price range it has been enjoying since November, sitting comfortably just under $90,000 per coin.
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