Global gold and silver prices rise amid weak US jobs data and geopolitical uncertainty

Global gold and silver prices jumped last week, as investors weighed weaker-than-expected US payrolls data along with geopolitical uncertainty. Global spot gold prices jumped 4 percent this week to end the week at 4,509.5 dollars per ounce. Yellow metal hit a record high of 4,549.71 dollars on December 26. Meanwhile, Spot silver prices surged nearly 10 percent to 79.85 dollars per ounce.

Geopolitical tensions remained high amid intensifying unrest in Iran, continued fighting in Ukraine, the US capture of Venezuela’s President Nicolas Maduro, and Washington’s renewed signals of taking control of Greenland.

Several agencies have said that gold prices could hit fresh record highs above 5,000 dollars in 2026, citing de-dollarisation trends and geopolitical risks.