Gold and silver prices are poised for further upside next week, propelled by escalating global trade strains from US tariffs and renewed Middle East tensions, with forecasts pointing to record highs by end-2026.
Key Bullish Catalysts
Trump’s 15% global tariff escalation post-Supreme Court ruling fuels inflation fears and risk-off sentiment, boosting safe-haven demand. Houthi strikes on Red Sea shipping and Israel-Iran shadow war add geopolitical premium, while weakening dollar supports metals rally.
Bold Price Projections
GlobalData revised targets sharply: gold to $6,100-$6,700/oz (30-45% rise), silver $175-$220/oz (87-135% surge) by December 2026, driven by silver’s industrial deficits in solar/EVs. Goldman Sachs eyes $4,900 gold, IG $5,000+ with silver discovery above $65; current levels: gold ~$5,000/oz, silver ~$90/oz.
Indian Market Implications
MCX gold hovers near ₹1,00,000/10g, silver ₹1,00,000/kg amid rupee weakness. Experts advise dips as buying opportunities, with volatility high but structural bulls intact via central bank buys and de-dollarization.
