Economic Observation Network According to CCTV Finance, international gold prices have risen by about 6% since the beginning of this year. HSBC analysis believes that the current upward momentum of gold prices still exists, and gold prices may touch the $5000 per ounce mark in the first half of 2026. The bank pointed out that safe haven demand, the weakening of the US dollar, and policy uncertainty jointly support gold prices, while the expansion of fiscal deficits in multiple countries continues to stimulate demand for gold allocation. At the same time, due to the continued tight supply in the silver market, international silver prices have shown a significant upward trend. The price of silver in the London spot market has risen by over 17% this year, significantly outperforming gold prices. Market analysis suggests that the current shortage of silver supply is unlikely to be alleviated in the short term. In this environment, the market expects silver prices to continue their upward trend.