Precious metals began 2026 with gains, rebounding from year-end declines. Gold, silver, and platinum saw increases as investors anticipate U.S. Federal Reserve rate cuts and remain concerned about geopolitical risks. Gold concluded 2025 with a 64% annual gain, its largest since 1979, driven by factors including Fed policy, central bank buying, and ETF holdings. Analysts predict further price rises in 2026, citing ongoing economic concerns and the appeal of real assets in a low-interest-rate environment.