Analyst: Precious metals have lost some of their geopolitical premium but still believe gold prices have a chance to reach $5,000

GateNews

2026-01-17 06:14:02

Odaily Planet Daily News reports that Marex analyst Edward Meir stated: “After several weeks of continuous gains, commodities as a whole have pulled back, and some profit-taking has occurred. The easing of tensions in the Middle East has also caused gold and other metals, especially silver, to lose some of their geopolitical premiums.” As protests in Iran subside, U.S. President Trump adopts a wait-and-see attitude, and Russian President Putin intervenes to mediate, geopolitical tensions seem to have eased. Meir said, “I still believe that gold prices have a chance to reach $5,000 at some point this year, but there will be significant pullbacks along the way.”(Jin10)

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