ANZ Senior Commodity Strategist Daniel Hynes forecasts a bullish outlook for gold and silver in 2026 due to escalating geopolitical tensions and concerns over U.S. fiscal and monetary policies. Gold is expected to exceed $5,000 per ounce in the latter half of the year, supported by ongoing investment demand. Silver price volatility is influenced by tight physical supply and strong industrial demand, with potential relief from U.S. import tariff exemptions.