Posted on January 13 2026
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Gold Glorious Geopolitical Gold:
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Darling All,
Disclaimer: Please note this is not investment advice.
But you will need a large cup of caffeine!
Well hello Magpies!! Since our October 2025 update, where Gold hit USD $4,060, we are in absolute “aurum” of its extraordinary ascent. The monarch of metals has surged to a mighty USD $4,600 (as at time of writing 12th January 2026). This has been a steady, disciplined repricing, driven by forces that sit far beyond the trading book and its kneejerk reflexes. Below is a short sharp synopsis of an update for the Goldbugs amongst you.
What’s Changed Since October 2025?
Markets are increasingly settled on the view that the Federal Reserve will begin cutting rates later in 2026. As real yields have eased and faith in Fiat discipline has thinned, Gold’s appeal has sharpened: it yields nothing yet carries credibility. A softer US dollar has provided additional support, while Central Banks—particularly across Asia, Eastern Europe and the Middle East—have remained steady buyers, reinforcing Gold’s status as a politically neutral reserve rather than a speculative trade. Data from the World Gold Council show central-bank demand running at historically elevated levels, even as mine supply remains slow to respond. With supply structurally constrained, sellers scarce and institutional inflows returning to Gold-backed ETFs, price discovery has moved decisively higher.
Geopolitical Risk: Turning Up the Glowing Heat
Since October 2025, geopolitical tension has ramped up, injecting a fresh layer of urgency into the safe-haven demand of Gold Glorious Gold! The United States’ increasingly stronger stance towards Venezuela, including direct action to enforce sanctions and secure strategic energy routes, has heightened fears of broader resource-driven confrontation. Historically, such flashpoints have been fertile ground for Gold rallies — and this episode has been no exception.
More strikingly, reports have emerged of Russian aircraft removing Iran’s gold bar reserves, a development that has captured market attention regardless of the opacity surrounding official confirmation. The symbolism matters. If accurate, the alleged airlifting of bullion underscores how Gold is being treated not merely as a financial asset, but as a strategic instrument of state power, moved physically when geopolitical risk rises.
For investors, the message is clear: Gold sits outside sanction regimes, beyond digital control, and immune to counterparty risk — qualities that become priceless when global trust fractures.
The Gilded Takeaway
From $4,060 in October, to $4,600 today, Gold’s rally reflects a world unsettled by monetary uncertainty, sharpened geopolitical rivalry, and growing scepticism toward paper promises. It’s little surprise then Magpies that the world’s most ancient asset has returned to favour so fervently. The prevailing currents continue to support the monarch of metals and its monumental momentum, affirming that Aurum Potestas Est: Gold is power!!
Stay sparkling!
With love from Emma and the Baroque Rocks Team
P.S. If you like what you read and it brings a smile, do spread the sparkle and share it with friends!