19 December 2025
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Positive outlook persists for precious metals in 2026

Gains may not be as strong as 2025 but conditions remain supportive

By Edward Bell

  • Gold and precious metals have seen enormous rallies in 2025 on the back of dollar weakness and fundamental buying.
  • Investors will still seek to participate in the rally in precious metals in 2026 while many policy themes will remain constructive for prices.

Click here to download the full 2026 precious metals outlook

Written By

Edward Bell Acting Group Head of Research and Chief Economist


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