Despite the <a href="https://oninvest.com/article/ceny-na-zoloto-za-nedelu-vzleteli-i-upali-bolee-cem-na-500-cto-budet-dal-se">collapse in precious metals prices</a> at the end of last week and the beginning of this week, JPMorgan expects gold to rise to $6300 per ounce by the end of 2026. This estimate implies a 33% increase from current levels. Deutsche Bank did not change its target for gold either, its analysts expect gold at $6000 per ounce.

JPMorgan, despite price collapse, expects gold to rise to $6300. Will the rally recover?

Apple Inc.

Verizon Communications Inc.

Microsoft Corporation

Strong strengthening of the dollar led to a sell-off in metals

The S&amp;P 500 fell for the third straight day, but is in the plus side for January. Gold collapsed by 9%

The cost of gold in trading on January 29 showed the sharpest decline since October. It collapsed by 5.7% after <a href="https://oninvest.com/article/zoloto-vzletelo-vyse-5500-serebro-podobralos-k-120-rynok-otorvan-ot-real-nosti">reaching a</a> new high earlier in the day, rising above $5500 per ounce. Silver was falling 8.4 percent. The decline in metals prices coincided with a slight strengthening of the U.S. dollar, Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-01-29/gold-retreats-from-record-above-5-500-as-rally-momentum-slows">wrote</a>. The dollar index was up 0.3% on Thursday.

"We've reached the peak of euphoria": gold price falls sharply after record update

Wall Street has started comparing "devil metal" to "meme stocks"

"Disappearing like Cinderella": analysts warned of risk of silver price collapse

Berkshire Hathaway Inc.

Berkshire Hathaway, led by legendary investor Warren Buffett, made a large investment in silver in 1997-1998. Now these investments - at the current price of the precious metal of about $100 per ounce - could increase to about $13 billion, Barron's calculates. However, Buffett got rid of these investments 10 years after the purchase (Berkshire did not specify the profit from this investment). Silver, as Buffett then admitted, in his opinion, he sold "too soon".

'I sold too soon': Barron's valued Buffett's former silver holdings at $13 billion

Rheinmetall AG

OHB SE

Gold surpassed $5,000 an ounce amid fears of a debt crisis, inflation and a weakening dollar, reflecting investors' flight to safe-haven assets. The U.S. is increasing pressure on allies, forcing Canada to abandon the idea of free trade with China and threatening new tariffs. On these and other topics - in our review of key events for the morning of January 26.

The main thing for the morning: gold exceeded $5000, Germany will create an analog of Starlink

For 2025, the precious metal has risen in price by 147%

"Fasten your seatbelts": the value of silver topped $100 an ounce for the first time

NVIDIA Corporation

Netflix, Inc.

Warner Bros. Discovery, Inc.

The price of gold hit another all-time high, while silver topped $90 an ounce for the first time. Donald Trump's administration authorized limited supplies of Nvidia AI chips to China, sparking controversy over the safety and effectiveness of export controls. These and other topics - in our review of key events for the morning of January 14.

Highlights for the morning: gold is at a high, Netflix is renegotiating its deal with Warner Bros.

Commodity markets may be entering the phase of a new "supercycle" amid rising demand for metals, energy and other tangible assets, according to John Velis, Americas strategist at BNY, <a href="https://www.marketwatch.com/story/stocks-are-signaling-that-another-commodities-supercycle-is-afoot-in-2026-5e697dc6?mod=home_lead">writes</a> MarketWatch.

Analysts talk about the beginning of the commodity "supercycle". Is everything so unambiguous?

Iranian authorities announce a crackdown on protests in the country amid reports that Trump is considering options to pressure Tehran

Iran has accused the US and Israel of organizing the largest protests in the republic's history

In 2025, precious metals rose in price by 64%.

Morgan Stanley predicted that gold would rise to $4,800 by the fourth quarter.

Gold and silver had earlier also hit all-time highs

Precious metals