Gold price – another new record high

The price of gold has risen by almost 13 percent in the new year. Tensions between NATO and the US, new tariff threats from the US president, and the slump in Japanese government bonds have now caused the latest price increase. The issue of Greenland is unlikely to be resolved anytime soon. As a result of the conflict, the US president has responded by threatening eight European countries, including Germany, France, and the UK, with tariffs. This behavior does not necessarily strengthen confidence in the US. On the contrary, it is likely to reinforce the desire for de-dollarization.

The gold price continues to be driven by high US government debt and the never-ending buying behavior of many central banks. Poland’s central bank has just approved plans to purchase 150 tons of gold. Conflicts and political tensions are driving up the price of the sought-after precious metal. This was evident in 2025 and continues to be the case in the current year. The price of silver is also rising again and approaching the US$100 mark. Silver has already gained more than 20 percent in 2026. In 2025, the increase was almost 150 percent.

Chart technicians see the possibility of a correction in the gold price in the range of $4,890 to $4,910 per troy ounce. Above that, however, a rise to $4,960 would be possible. If the recent rapid upward trend continues, the next major targets would be $5,040 and $5,150 per ounce. Prices below US$4,665 would indicate a larger correction. And as gold and silver become more expensive, the value of mining companies that own these precious metals increases.

Miata Metals – https://www.commodity-tv.com/ondemand/companies/profil/miata-metals-corp/ – has interests in two promising gold projects (Sela Creek, Nassau) in Suriname, South America, with the option to acquire a 100% interest. The current interest is 70%. Sela Creek is currently delivering very good drilling results.

Skeena Gold & Silver – https://www.commodity-tv.com/ondemand/companies/profil/skeena-gold-silver-ltd/ – is developing a high-grade and low-cost gold-silver project (Eskay Creek) in British Columbia with the support of the local community. Two projects that were previously in production are still in focus.

Current company information and press releases from Skeena Gold & Silver (- https://www.resource-capital.ch/en/companies/skeena-resources-ltd/ -) and

Miata Metals (- https://www.resource-capital.ch/en/companies/miata-metals-corp/ -)

Further information is also available in our new precious metals report at the following link: https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-11-update/

Sources:

https://www.msn.com/de-de/finanzen/wirtschaft/silberrally-geht-weiter-warum-steigt-der-silberpreis-so-stark/ar-AA1Uwcn5;

https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-11-update/

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