Latest Update in the SMM Gold Market

Hong Kong plans to sign an agreement with the Shanghai Gold Exchange this week to establish a cross-border clearing system for gold trading, Financial Secretary Paul Chan Mo-po announced Sunday.

Gold and silver prices soared to unprecedented levels as President Donald Trump’s escalating push to acquire Greenland sparked fears of a damaging trade war between the United States and Europe.

(Jan 19): For three decades, Cheah Cheng Hye was a face of value investing in Asia, building Value Partners Group Ltd into a multi-billion dollar stock-picking powerhouse.

Gold has broken out of a narrow consolidation above its December peak, signaling a renewed upswing in bullish momentum, Société Générale's FX analysts note.

According to Bank of America's Hartnett, the biggest risk currently stems from the rapid appreciation of the Japanese yen, South Korean won, and New Taiwan dollar, which could lead to a reversal of capital outflows in Asia and pose a threat to the liquidity environment in global markets. Hartnett is optimistic about the long-term prospects for international equities and gold, with China being his most favored market. He also predicts that gold may break through its historical high, reaching over $6,000 per ounce.

Gold hit a new high on Wednesday, extending its recent rally as investors seek haven amid a flurry of political and geopolitical headlines.

Gold prices could break above US$5,000/oz this year and potentially climb even higher if political or financial risks escalate, according to a UBS analysis that remains constructive on the metal amid its strong rally so far in 2026.

(Kitco News) – Gold prices will rise above $5,000 per ounce in the first quarter, with silver reaching $100 per ounce, but while silver and other industrial metals will likely continue to outperform, gold prices could take a significant hit later in 2026 as global tensions ease, according to analysts at Citi.