AGE Daily Gold Update

AGE Daily Gold Update presents a recap on today's action in the precious metals markets. View archives.

1/5/2026: Precious Metals Gain Following Maduro's Arrest

Source: Dana Samuelson, American Gold Exchange

Austin — Gold, silver, platinum, and palladium all surged sharply as global market participants returned to business as usual following the New Years break. While US markets were open on Friday, January 2nd, the Shanghai gold exchange was closed from Dec. 31 until the market reopen in Asia Sunday evening US time. Following Friday’s US sell-off in thin holiday trading, all four precious metals moved higher once Asia resumed regular trading. Gains continued to accumulate in both the London and New York trading sessions.

Gold gained 2.75% to close the New York session at $4,436, silver surged 7.3% to $76.16, platinum rose 6.3% to $2,269 and palladium popped 7.9% to $1,742.

Heightened geopolitical tension following the sensational US seizure of Venezuelan President Nicholas Maduro and his wife in the early hours of Saturday morning helped boost the haven appeal once markets reopened Sunday evening.

Stocks in the US also gained with the Dow up almost 800 points or 1.65%, with the S&P and the NASDAQ both rising about 0.75% or 53 points and 175 points, respectively. The US dollar was down slightly on the US dollar index and the 10-year US treasury yield edged lower as well. Bitcoin gained 3.3% to $94,345.

At the New York spot close: gold gained $122.50 to $4,436.90; silver surged $5.60 to $76.16; platinum rose $143.80 to $2,269.50; and palladium advanced $138.50 to $1,742.20 an ounce.