Silver and gold are surging — why are people worried about de-dollarization? Key Takeaways Gold and silver were briefly both at the top of global asset rankings by market capitalization. Rising gold and silver prices highlight growing unease about reliance on U.S.-controlled financial infrastructure. While silver’s rally has renewed debate over crypto as a safe haven, analysts say Bitcoin’s response is more nuanced. Fears that the world may be edging closer to de-dollarization are resurfacing as ...

Authored by Mathew Piepenburg via VonGreyerz.gold,It’s that time of year again to put everything somehow together.But looking back on the knowns of 2025 as we prepare for the inevitable unknowns of 2026, there is little need for the wringing of hands.Preparation vs. TimingThis is because the more things change, the more they stay the same. And toward this end, we do know this much: Unprecedented and unsustainable debt has made the global financial system, its paper currencies and its bloated markets a bug l ...

Core Viewpoint - Gold equities are projected to remain highly attractive within the mining sector in 2026, supported by strong valuations, balance sheets, and free cash flow generation, despite expectations for price consolidation [1][2]. Industry Outlook - Analysts maintain a bullish stance on gold equities for 2026 due to appealing valuations, while being neutral on gold prices [2]. - Structural drivers supporting gold's strength in 2025, such as de-dollarization, US fiscal concerns, macroeconomic uncertainty, central bank buying, and physical demand through ETFs, are expected to persist into 2026 [2]. Price Expectations - Jefferies anticipates gold prices will remain rangebound in 2026, with a potential period of consolidation, which is viewed positively for the sector [3][4]. - Real interest rates are identified as a significant factor influencing gold prices, particularly with potential changes in US monetary policy [3]. Sector Health - The gold mining sector is characterized by strong balance sheets, disciplined cost control, and increasing shareholder returns, with nine out of twelve covered gold miners in net cash positions [5]. - Cost inflation has remained below 5%, and real all-in costs are under US$2,400 per ounce, contributing to a healthy sector outlook [5]. Future Expectations - Jefferies expects favorable conditions to continue into 2026, with some upward pressure on labor and consumables anticipated, though still below 10% [6]. - Higher gold prices are expected to influence reserve calculations, potentially extending mine lives without significantly impacting near-term margins [7]. M&A Activity - Sustained high gold prices and growing cash balances may shift investor focus towards growth, setting the stage for increased merger and acquisition activity as financial discipline gives way to strategic expansion [8]. Top Gold Picks - Barrick Gold Corp. is identified as the top pick among large-cap miners, expected to deliver the highest free cash flow yield in 2026 at approximately 12% [9][10]. - Alamos Gold Inc. is viewed as a catch-up opportunity among mid-caps, with potential for re-rating driven by improved performance and expansion studies [10]. - Royal Gold, Inc. is highlighted for its unjustified valuation discount, with expectations for improved market sentiment due to medium-term growth clarity [11]. Other Metals - Jefferies has become more cautious on copper equities due to valuations, despite maintaining a positive outlook on copper prices [12].

Here Is The Remarkable Big Picture For Gold As We Head Into 2026 After a wild year of trading in 2025, here is a remarkable look at the big picture for gold as we head into 2026.Gold’s Bigger Picture in a Narrowing 2026December 30 (King World News) – Matthew Piepenburg, partner at VON GREYERZ:  It’s that time of year again to put everything somehow together.But looking back on the knowns of 2025 as we prepare for the inevitable unknowns of 2026, there is little need for the wringing of hands.Preparation vs ...

In Kotak Mutual Fund's annual market outlook for 2026, Shah said the global economy is entering a phase where fiscal policy is taking the lead, while monetary support is gradually easing. Rate cuts are underway, but the environment that fuelled strong market rallies earlier is no longer in place. "Global growth will remain positive but may slow down a little in CY26 over CY25," Shah said.Also read | Smart investment: How can you get Rs 1 lakh monthly passive incomeGlobal risks for investorsShah outlined sev ...

The U.S. dollar could see a bit more weakness in 2026, analysts say, continuing its decline after President Donald Trump's tariff plans in April surprised markets. Key Takeaways The dollar weakened as much as 10% this year against a basket of foreign currencies, though it's retraced some of those losses recently and is now down 7% year-to-date. The drop was far from the doomsday "de-dollarization†scenarios that some floated after April—global trade and markets still rely on the U.S. dollar. It did, however, ...

Market Overview - The market is experiencing a strong finish for the year, driven by AI, fear of missing out (FOMO), optimism around future rate cuts, and resilient consumer spending despite affordability stress [1] - Global equity markets are at highs, with stock and bond volatility at lows, indicating that global fundamentals appear stable [2] Economic Differentiation - The theme for 2026 is expected to highlight a "have and have not" scenario, with different economies performing variably and a separation from the "everything rally" [3] - There is a non-uniform fiscal and monetary policy globally, with interest rates decreasing in some regions while increasing in others [4] Investment Sentiment - Investors are becoming increasingly sensitive to the cost of capital, which is expected to play a significant role in the coming year [5] - There is a trend towards diversifying investments away from U.S. markets, particularly towards European defense spending and policy, which is creating constructive narratives [7] AI and Market Dynamics - The outperformance of non-U.S. markets this year looks promising on a one-year basis, although it appears less impressive over a five-year period [5] - The current investment climate resembles the late 1990s tech boom, where a diverse range of investments could yield significant returns if a few succeed [8] Precious Metals Insights - Gold is perceived as being overvalued, with the current gold-to-silver ratio at approximately 70 to 1, compared to a historical average of 10 to 1 [9] - The rally in gold is positively impacting the entire metal complex, with silver being closely aligned in value [10] - Gold serves multiple roles, including inflation defense and global diversification, with current investments in gold reflecting concerns about inflation and a lack of alternative investment options [11][12] Future Outlook - A shift in the narrative around gold and silver is anticipated once there is more certainty in the global economic framework [13] - The investment community is compelled to remain invested despite high valuations in U.S. equities, leading to a strong interest in gold as a viable investment option this year [14]

Key Takeaways SLVP led 2025 with about 179% gains as silver miners topped on supply tightness and high demand.Silver prices surged, lifting SLV 126% and beating gold's rally (up 63%). Rate cuts, a weaker dollar and high industrial usage boosted silver's demand. As we are going to wrap up 2025, it’s time to assess the market performance of the exchange-traded funds (ETFs) that ruled most of 2025. In this journey, metal and mining stocks emerged the clear winner of the year.  Be it silver, gold or copper – pr ...

🇺🇸 NEW: Latest Fed study finds dollar's role in global debt markets rises and falls in cycles, not a steady trend toward greater dollarization or de-dollarization. https://t.co/tzBMjID19W ...

Sovereign Bond Market - Singapore sovereign bonds' sensitivity to Treasury moves has declined [1] - This decline benefits Singapore's securities [1] De-dollarization - Possible re-emergence of de-dollarization concerns exists [1]