Gold prices saw a 0.76% increase on January 2nd, 2026, influenced by a soft dollar and the Trump administration's tariff rollout. Geopolitical tensions between the US and Venezuela, alongside renewed uncertainties in the Russia-Ukraine war, boosted gold's safe-haven appeal. The US Federal Reserve's potential monetary policy easing and steady central bank purchases also contributed to the upward trend. Silver prices are also rising due to supply constraints and strong industrial demand.