Why Gold Is Expected to Rise to Record Highs
About this episode
Tony Kim discusses the factors influencing gold prices and expectations for future market trends.
Gold set a record high in January, but uncertainty about US interest rates and disruption from the Iran war have led to an “elongated pause” in the rally, according to Tony Kim, global head of Metals Trading in Goldman Sachs FICC and Equities. Ultimately, Kim expects strong central bank demand for the yellow metal to help drive gold to new highs, he says on The Markets podcast. Kim also discusses whether fiscal sustainability concerns could spur a rotation into gold, how reduced investment demand from Asia is impacting gold markets, and why silver has been volatile in 2026. The opinions and views expressed herein are as of the date of publication, subject to change without notice, and may not necessarily reflect the institutional views of Goldman Sachs or its affiliates. The material provided is intended for informational purposes only, and does not constitute investment advice, a recommendation from any Goldman Sachs entity to take any particular action, or an offer or solicitation to purchase or sell any securities or financial products. This material may contain forward-looking statements. Past performance is not indicative of future results. Neither Goldman Sachs nor any of…
Topics covered
- gold market
- US interest rates
- central bank demand
- investment demand
- silver volatility
More episodes of The Markets
- What a Fed Rate Hike Could Mean for US Stocks
- What Is the Outlook for Diesel and Gasoline Supplies?
- How Inflation and Fiscal Policy Are Driving US Treasury Markets
- Why US Stocks May ‘Grind Higher’
- Are Hedge Funds Still Bullish on AI Stocks?
Explore listener stats, chart rankings, contacts and more on the The Markets podcast page.