AGE Daily Gold Update

AGE Daily Gold Update presents a recap on today's action in the precious metals markets. View archives.

12/5/2025: Gold ticks up for day, week

Source: Bill Musgrave, American Gold Exchange

Austin — New York spot gold edged up less than 0.1% to close near $4,213 after belated data on inflation and consumer spending from September did nothing to change expectations that the Fed will reduce interest rates next week. Bullion rose 0.1% for the week. Silver surged 2.8% to finish at $58.42 an ounce, notching a weekly gain of 3.5%.

Delayed by the government shutdown, data from the Commerce Department showed consumer spending stalling in September as households felt the pressure from higher inflation, volatile trade policies, a frozen job market, and the pending government shutdown. Spending rose 0.3% after three straight months of stronger gains.

Separately, the Personal Consumption Expenditures index, the Fed's preferred inflation gauge, showed prices rising at the fastest pace in 18 months in September. Inflation increased by 0.3% for a 12-month rate of 2.8%, up from 2.7% in August.

The markets breathed a sigh of relief that the data, while stale, was not worse. All three major stock indexes rose more than 0.2%. Fed funds futures traders kept the odds of a quarter-point cut from the Fed next week at 88%, virtually unchanged from yesterday.

The dollar edged slightly higher against major rivals, limiting gold's gains by making it pricier overseas. Benchmark 10-year Treasury yields also crept higher.

Platinum slipped 0.3% for the day and 0.2% for the week. Palladium rose 1.4% today but fell 3.6% this week.

At the New York spot close: gold gained 0$1.10 to $4,212.90; silver climbed $1.58 to $58.42; platinum slipped $.80 to $16,46.35; and palladium advanced $20.50 to $1,472.40 an ounce.