Many of the themes that pushed stocks higher in 2025 are back in focus to begin 2026. One of those is the bull market for precious metals. Many eyes are on silver, which has hit an all-time high. But investors shouldn’t sleep on gold, which shook off early-year weakness and reached a new all-time high above $4,900 on Jan. 22.
That puts the yellow metal within striking distance of the psychologically significant $5,000 mark. Many analysts thought gold would hit that mark in 2025. It didn’t quite make it, but it appears to have been only a delay. Many of the trends that drove gold higher in 2025 remain in place in 2026.
