GVA Market Comment January 2026 – All That Glitters

As we welcome 2026, history offers a timely reminder: the most dangerous words in investing are “this time is different.”While markets and technology evolve, valuation, cycles, and human behavior remain remarkably consistent.

Coming out of 2025, one of the most important signals we see is not in equities—but in precious metals, and particularly gold. We will review broad market valuations and opportunities across the spectrum as we consider the implications.