Gold, Silver, and the New Fed Chair

Advertisement – This article is distributed on behalf of OR Royalties Inc. and Gold Royalty Corp., with which SRC swiss resource capital AG has paid IR consulting agreements. Publisher: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: May 13, 2026, XX:XX Zurich/Berlin

Jerome Powell’s term in office will soon be a thing of the past. His successor is considered to be in favor of lowering interest rates, which improves the outlook for higher precious metal prices. This is because lower interest rates are good for the price of gold and, consequently, for the price of silver as well. Silver, in particular, with its dual function as an industrial metal and a store of value, could benefit. Unlike paper money, these two precious metals are finite and cannot be reproduced at will.

Gold, as a stabilizing factor, is a favorite holding for many central banks. In April, China’s central bank increased its gold reserves by 8.1 tons—marking the 18th consecutive month of such increases. The largest gold buyers in the first quarter of 2026 were Poland and Uzbekistan. The Chinese central bank plans to ease restrictions on gold imports, for example by authorizing more domestic ports to handle gold bars. The rationale is to halt the appreciation of the yuan. It will also make it easier to meet China’s rising demand for gold. And it demonstrates China’s use of gold to stabilize its currency.

According to the World Gold Council, China’s demand for gold bars and coins rose by 67 percent year-over-year in the first quarter. From a global perspective, this meant that 45 percent of all gold bars and coins went to China. The price of gold is usually strong when fears rise, such as fears of inflation or escalating geopolitical conflicts. On the other hand, rising oil prices often have a negative impact on the price of the precious metal, as the prospect of imminent interest rate cuts then diminishes. The extent to which the new Fed chair can drive up gold and silver prices will soon become clear.

Gold Royalty (- https://www.commodity-tv.com/ondemand/companies/profil/gold-royalty-corp/ -) focuses on gold, silver, and copper, as well as gold properties in North and South America. Record revenues were achieved in the fourth quarter of 2025 and for the full year 2025. The first quarter of 2026 once again brought the company record revenues.

OR Royalties (- https://www.commodity-tv.com/ondemand/companies/profil/or-royalties-inc/ -) focuses on gold, silver, and copper with interests and royalties in Canada, Australia, and the U.S. New royalties were recently added. The company pays dividends. The year 2025 saw record revenue. The first quarter of 2026 also ended with record revenue from streams and royalties. The latest deal is a precious metals stream from Canadian Copper’s projects in New Brunswick.

Current company information and press releases from OR Royalties (- https://www.resource-capital.ch/de/unternehmen/or-royalties-inc/ -) and Gold Royalty (- https://www.resource-capital.ch/de/unternehmen/gold-royalty-corp/ -).

You can also find further information in our new Precious Metals Report at the following link:

https://www.resource-capital.ch/de/reports/ansicht/edelmetall-report-2025-04/.

Sources: OR Royalties, Gold Royalty,

https://www.private-banking-magazin.de/edelmetall-gold-silber-jerome-powell-kevin-warsh/;

https://www.goldseiten.de/artikel/article2pdf.php?storyid=656794;

https://www.resource-capital.ch/de/reports/ansicht/edelmetall-report-2025-04/;

Pursuant to Section 85 of the German Securities Trading Act (WpHG) in conjunction with Article 20 of the Market Abuse Regulation (MAR) (EU) 2016/958, we hereby note that authors, employees, and affiliated companies of Swiss Resource Capital AG (SRC) may hold positions (long/short) in the issuers discussed. Compensation/Relationship: IR contracts/advertorials: Author’s own positions: none; SRC net position: less than 0.5%; Issuer’s stake in SRC ≥ 5%: no. Update policy: no obligation to update. No guarantee regarding the German translation. Only the English version of this news release is authoritative.

Disclaimer: The information provided does not constitute a recommendation or advice of any kind. Please be aware of the risks associated with securities trading. No liability can be accepted for any damages arising from the use of this blog. We would like to point out that investments in stocks, and particularly in warrants, are inherently risky. The total loss of the capital invested cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given as to the accuracy of any content. Despite exercising the utmost care, I expressly reserve the right to make errors, particularly with regard to figures and prices. The information contained herein is derived from sources deemed reliable but in no way claims to be accurate or complete. Based on court rulings, I am jointly liable for the content of linked external sites (e.g., Hamburg Regional Court, in its ruling of May 12, 1998 – 312 O 85/98) unless I expressly distance myself from them. Despite careful monitoring of the content, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG, available at: https://www.resource-capital.ch/de/disclaimer-agb/, applies additionally.