Algiers, January 6, 2026 – Gold prices continued their upward trajectory on Tuesday, reaching a week-high as comments from Federal Reserve officials fueled speculation of an impending easing of monetary policy. This, coupled with escalating geopolitical tensions, has increased demand for safe-haven assets, further driving the price of the precious metal.
Spot gold prices experienced a 0.4 percent increase, reaching $4465.32 per ounce. Similarly, U.S. gold futures rose by 0.3 percent, settling at $4465.70.
Analysts suggest that the anticipation of interest rate cuts by the Federal Reserve is a primary factor influencing the current gold market. Statements hinting at a more dovish approach to monetary policy have weakened the dollar, making gold more attractive to investors holding other currencies. The ongoing global uncertainty, stemming from various geopolitical hotspots, is also contributing to gold’s appeal as a secure store of value.
The rise in gold prices was mirrored by gains in other precious metals. Silver saw a significant jump, with spot prices increasing by 2.9 percent to $78.72 per ounce. Platinum also experienced a notable surge, rising by 2.5 percent to $2327.17 per ounce. Palladium recorded a more modest increase of 0.8 percent, reaching $1721.74 per ounce.
Market observers are closely monitoring developments related to both monetary policy and geopolitical stability, as these factors are expected to continue shaping the trajectory of gold and other precious metal prices in the near term. Investors are advised to exercise caution and conduct thorough research before making investment decisions in this volatile market.
