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Gold Hits Unthinkable $4,730 An Ounce As Investors Flee Global Chaos—Is Greenland The Hidden Trigger Behind The Rush? - Invesco DB Precious Metals Fund (ARCA:DBP), VanEck Gold Miners ETF (ARCA:GDX)
Benzinga· 2026-01-20 12:25
Core Insights - Gold prices have reached an all-time high of over $4,730 per ounce, driven by safe-haven buying amid geopolitical tensions and a potential trade war between the U.S. and Europe over Greenland [1][2] Geopolitical Factors - The deterioration of "geo-economics" is identified as a primary driver for the rise in gold prices, with tensions escalating due to U.S. President Trump's warning of additional tariffs related to Greenland [2] - Denmark's increased military presence in the region has contributed to a "risk-off sentiment," prompting investors to seek traditional safety assets [3] Market Performance - Gold has increased by 9% in the first three weeks of 2026 and 75% over the past year, with the current price hovering around $4,723.72 per ounce [4] - Market experts predict further gains, with gold breaking out of a rising three-month channel, indicating a strong surge supported by miners [5] Technical Analysis - Immediate resistance levels for gold are identified between $4,720 and $4,760, suggesting potential price movements in the near term [5] Investment Opportunities - A list of gold and gold mining ETFs shows strong year-to-date and one-year performance, with notable returns from VanEck Gold Miners ETF and VanEck Junior Gold Miners ETF [6] Silver Market - Silver has also seen significant buying pressure, now valued at $5.287 trillion, making it the second most valuable asset globally by market capitalization, surpassing Nvidia Corp. [7]
Silver Hits Record $95 as Market Cap Reaches $5.3 Trillion, Analysts Eye $300 Target
Yahoo Finance· 2026-01-20 11:59
Core Insights - Silver has reached a historic high of over $95 per ounce, marking a 31% increase year-to-date, with projections suggesting it could climb to $300 by 2026 [1][2][7] Group 1: Market Performance - Silver's recent surge is attributed to renewed demand for precious metals following geopolitical tensions from tariff actions by President Donald Trump against the European Union [2] - Silver has set fresh all-time highs, now ranking as the second-largest asset by market capitalization, only behind gold [2] - The rally in silver has outperformed gold, capturing significant attention in global markets [3][4] Group 2: Contributing Factors - The surge in silver prices is driven by a combination of factors including safe-haven buying, expectations of Federal Reserve rate cuts, tightening conditions in physical markets, and increasing industrial demand from sectors like solar energy and electric vehicles [5][6] - Analysts are optimistic about silver reaching $100 per ounce in the near term, with some suggesting it could happen as soon as tomorrow [6] - Long-term predictions indicate a potential rise to $300 due to structural imbalances between paper trading and physical supply [7]
What Was Missing From Markets Tuesday Morning?
Yahoo Finance· 2026-01-13 10:23
Group 1: Financial Market Overview - The US financial markets experienced a lack of significant overnight developments, leading to a focus on actual market activities [1] - Gold and silver prices have surged, with gold closing at $4,614.70 and silver reaching $86.34, attributed to safe-haven buying amid concerns over the US Federal Reserve's independence [1] - Equity markets continue to reach new highs, suggesting a divergence in market sentiment between the Metals sector and Equities [1] Group 2: Corn Market Analysis - The corn market experienced a decline, with March futures dropping below $4.20 before slightly recovering, indicating elevated trade volume due to fund selling [2] - US corn supplies are projected to exceed demand throughout Q1 of the 2025-26 marketing year, despite strong export performance, with total export shipments estimated at 4.5 billion bushels, a 64% increase from the previous year [2] - The May-July futures spread indicates a less bullish long-term commercial outlook compared to the previous year, covering 36% at Monday's close [3]