--- title: "Gold, silver shined in 2025, can the luster hold in 2026?" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/271352633.md" description: "Gold and silver experienced significant gains in 2025, with gold rising over 66% to around $4,325 per ounce and silver gaining more than 142%. Analysts, including Bank of America's Michael Widner, predict gold could reach $5,000 due to central bank buying and a weaker dollar. Despite a hawkish Fed risk, the outlook remains bullish for precious metals, driven by anticipated monetary stimulus and balance sheet expansion. The Federal Reserve's recent interest rate cuts and treasury buying further support this positive sentiment in the market." datetime: "2026-01-02T17:42:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/271352633.md) - [en](https://longbridge.com/en/news/271352633.md) - [zh-HK](https://longbridge.com/zh-HK/news/271352633.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/271352633.md) | [English](https://longbridge.com/en/news/271352633.md) # Gold, silver shined in 2025, can the luster hold in 2026? Gold’s stratospheric rise, the best percentage gain since 1979, surprised even the most bullish metal mavens as Wall Street firms chased the run-up. The precious metal, which sat at $2,606 last December, rallied over 66% in 2025, hitting a series of new highs, settling around the $4,325 level at year-end. Looking ahead, firms, including Bank of America, see the yellow metal reaching $5,000 an ounce due to continued central bank buying, rising deficits tied to U.S. fiscal policy and a weaker U.S. dollar, wrapping its worst year since 2017 with the Wall Street Journal Dollar Index down over 6%. "It's still underinvested, I think at the at the moment. And gold markets don't normally come to an end because their overbought, gold markets come to and because the underlying motives that actually started the bull market have subsided and that honestly we don't see. I think everything that I outlined before and what made us bullish I think is still very much in place now," said Bank of America strategist Michael Widner during a metals roundtable hosted in mid-December. Gold prices hit record highs in 2025. (iStock / iStock) While the price target bakes in around a 14% advance from current levels, "a hawkish tilt by the Fed is a risk," Widner wrote. **ELON MUSK SOUNDS ALARM ON SILVER'S WINNING STREAK** In addition to gold, silver saw its own record year with a gain of more than 142% while copper advanced over 41%, the largest one-year net and percentage gain since 2009. MacroMavens president Stephanie Pomboy, even admittingly surprised by the pace of the rally in precious metals, sees more ahead this year. "I guess I am surprised at the speed at which we got to these numbers although I think there is so much more to come because the rationale as to why I wanted people to go long hard assets over paper has barely started to fall into place and that rationale primarily was my forecast that we would see a resumption of QE (quantitative easing) and we did. I know they are not calling it QE, non-QE or QE light or whatever. They are dipping their toe in the water, and I think what’s going to happen as we turn the page to 2026 is that the balance sheet will become the main source of monetary stimulus," Pomboy told FOX Business’ Charles Payne. "The balance sheet expansion is outright monetary debasement and there’s nothing better for precious metals than that" she added. **'PAWN STARS' HOST WEIGHS IN ON RECORD YEAR FOR GOLD, SILVER** The Federal Reserve cut interest rates a quarter point in December, the third consecutive cut in 2025. Officials also signaled the resumption of treasury buying. "As detailed in a statement released today by the Federal Reserve Bank of New York, reserve management purchases will amount to $40 billion in the first month and may remain elevated for a few months to alleviate expected near-term pressures in money markets. Thereafter, we expect the size of reserve management purchases to decline, though the actual pace will depend on market conditions," Chairman Powell reviewed in his December press conference. ### 相關股票 - [ETFS Capital Ltd. (GOLD.AU)](https://longbridge.com/zh-HK/quote/GOLD.AU.md) ## 相關資訊與研究 - [Resolute Mining Strikes Strategic Guinea Gold Pact With State-Owned Nimba](https://longbridge.com/zh-HK/news/281082950.md) - [Amex Drills 22.27 g/t Au over 6.40 m and Finalizes Bulk Sample Grade Control Program | AMXEF Stock News](https://longbridge.com/zh-HK/news/281165348.md) - [Yukon Metals Expands Star River Footprint After High-Grade Gold Hit](https://longbridge.com/zh-HK/news/281583530.md) - [What are the most profitable ways to sell your silver investments?](https://longbridge.com/zh-HK/news/281562543.md) - [African Gold Issues 3 Million New Shares Under Disclosure Exemption](https://longbridge.com/zh-HK/news/281492931.md)