Race to the Top: Gold Nears US$4,650, Silver Crosses US$90
January 15, 2026Good evening ladies and gentlemen, welcome back to The Australian Gold Mid-Weekly Review! It's only been 2 weeks since we've entered 2026 but the story for gold and silver so far has been nothing short of eventful.
At the time of writing this article, gold is trading at US$4,637/oz, while silver is trading at US$90.23/oz! We had to check thrice before reporting the value of silver here, by the way. Silver has risen 50% in the span of the last month alone, and has tripled from one year ago today! Yes, silver is a high-beta asset in relation to gold and hence will benefit more from gold's rally. But, continual supply pressures, coupled with China's decision to curb exports have fuelled further deficit-buying.
As far as gold's story is concerned, the metal's prices are benefitting from rising geopolitical tensions, concerns over the Fed's independence (following a criminal investigation in relation to Fed Chair Jerome Powell) and weak jobs data increasing rate cut hopes.
Meanwhile, back home, the ASX-All Ordinaries Gold Index is back in action as it has risen by more than 1,000 points to 19,917.95 points, almost reaching the 20,000 points mark. This marks a 1-year return of 118.50%.
And that's it! Thank you so much for tuning into our mid-weekly review! Every Wednesday, we will continue to bring you the latest moves in the precious metals market to keep you up to date in your investment journey! Stay tuned this Sunday as we bring you our new episode of The Australian Gold Weekly Review with our Managing Partner Brian Chu on our YouTube channel!
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Brian contributes his insights on precious metals and mining stocks via free and paid newsletters with independent publisher, Fat Tail Investment Research. You can learn about his work by visiting www.daily.fattail.com.au. Fat Tail Investment Research is part of The Agora, a renowned international financial solutions publisher.
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