Analysis: The rise of the US dollar and the easing of Trump's threats against Iran have driven both gold and silver prices down.

DeepFlowTech · 2026-01-16T13:56:16+00:00

On January 16th, due to the strengthening of the US dollar, gold and silver prices declined. The initial jobless claims were lower than expected, and Trump's more moderate stance on Iran weakened safe-haven demand. Nevertheless, geopolitical risks still support precious metals as an investment safe haven, and analysts expect prices to remain volatile this week.

DeepFlowTech

2026-01-16 13:56:16

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Deep Tide TechFlow News, January 16 — According to Jintiao Data, on Friday, due to the strengthening of the US dollar, gold and silver prices both declined, following weaker-than-expected US initial jobless claims data. Additionally, US President Trump’s more moderate stance towards Iran also reduced the safe-haven demand for precious metals. Analysts stated that this round of decline is related to the US dollar index rising to 99.49, the highest level since early December last year. Market observers noted that although gold and silver have recently pulled back, ongoing domestic turmoil in Iran and geopolitical risks related to Venezuela and Greenland continue to support safe-haven demand for precious metals. These uncertainties keep investors focused on precious metals as risk hedging assets. Analysts expect that gold and silver prices will remain volatile this week, mainly influenced by fluctuations in the US dollar index, while the market is also awaiting a major ruling from the US Supreme Court on tariffs, which could further impact the price trends of precious metals.

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