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Unearthing the Metals Melt-Up | Weekly Market Commentary | January 20, 2026

Unearthing the Metals Melt-Up | Weekly Market Commentary | January 20, 2026

Policy dynamics ranging from robust central‑bank gold purchases to evolving trade and geopolitical strategies significantly influenced price action across the metals landscape. Together with structural supply shortages and rising industrial demand, these factors have created a powerful backdrop that continues to shape market volatility and performance. In this week’s Weekly Market Commentary, we explore the drivers behind the strength in metals, the associated risks, and the outlook for the durability of the rally.

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