Only 6 Losses in 20 Years: Gold Starts January Strong Again
Only 6 Losses in 20 Years: Gold Starts January Strong Again
After closing a record-breaking year, gold has entered 2026 with strong upward momentum. Historical data shows that gold has posted losses in January only six times over the past 20 years.
On December 26, gold reached an all-time high of $4,550 per ounce. Despite a modest pullback at year-end, the metal closed 2025 with its strongest annual performance since 1979.
A strong start to the new year
As of 09:30 today, spot gold was trading 1.36% higher at $4,378 per ounce. Gram gold also rose 1.51% to 6,056 TRY.
Key drivers behind the rally
Gold’s advance has been supported by expectations that the Federal Reserve may continue cutting interest rates this year, ongoing geopolitical tensions, strong central bank demand, and rising positions in gold-backed ETFs.
January’s historical performance
Over the past 20 years, gold has delivered an average January gain of 3.6%, recording declines in only six of those years.
Other precious metals also rise
Other precious metals also started the year on a strong note. Silver, which ended 2025 with a 147% gain, climbed 3.53% to $74.13 in early 2026 trading.
Platinum rose 3.47%, while palladium advanced 2.64%.
Caution advised
TD Securities strategists cautioned that passive funds may rebalance positions by selling some gold and silver contracts, urging investors to remain cautious amid low-liquidity conditions.
