Gold and Silver Prices Surge Amid Geopolitical Tensions

This week, gold and silver prices are on the rise, with gold reaching 4,640 per ounce and silver hitting a record high of 92. The increase is attributed to geopolitical tensions, a recent investigation into the Federal Reserve, and global supply shortages.
Two weeks into 2026, and gold seems to have weathered the early headwinds of tax loss selling, portfolio rebalancing and precious-metal volatility with three new all-time-highs
said the World Gold Council WGC .
On January 14, 2026, gold is priced at 4,631 and silver at 91.45. Gold has increased by 0.98 in the past day, while silver has risen by 5.4 . Analysts highlight several factors driving gold s rise, including geopolitical events and concerns over the Federal Reserve s independence.
And when usually short-lived geopolitical spikes become frequent, they start to embed higher risk premia, benefiting gold
the WGC added.
Key events influencing prices include U.S. military actions in Venezuela, threats to Mexico and Cuba, ongoing issues with Iran, and conflicts in Ukraine and the Middle East. Silver is also experiencing high demand, nearing the 100 mark due to global shortages reported in regions like China, the U.S., India, and Europe.
The U.K. s Royal Mint suspended new orders for silver Britannia coins and gold equivalents in late 2025, citing demand that far outpaced available supply
reports indicate.
Looking ahead, the future prices of both metals will depend on the evolution of geopolitical tensions and whether supply constraints ease. While there may be resistance for gold around 4,770, expectations for silver to reach triple-digit prices reflect the current physical shortages and ongoing demand.