AGE Daily Gold Update

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

12/12/2025: Gold, silver notch strong week

Source: Bill Musgrave, American Gold Exchange

Austin — New York spot gold gained 0.3% to close above $4,296 despite slight upticks in the dollar and Treasury yields as investors digest surprisingly neutral messaging from the Fed about future rate cuts. Bullion finished the week 2% higher. Silver tumbled 3.7% on profit-taking after yesterday’s rally to a new all-time high but still rallied 5.8% this week.

After cutting interest rates at its third straight meeting, the Fed suggested this week that it might pause further rates reductions for now. The so-called dot-plot forecast accompanying the Fed’s updated policy statement is now projecting a single quarter-point cut in 2026 and 2027.

The Fed next meets in January. Nine of the 12 voting members of the Federal Open Market Committee supported a quarter-point rate cut this week, and one wanted a half-point reduction.

But post-meeting statements by Jerome Powell and other Fed officials were less hawkish than the markets feared and the dot-plot forecast might indicate. Powell said he expects to see “solid growth” next year, and the central bank will “wait to see how the economy evolves” before taking further action. Chicago Fed President Austen Goolsby, one of three dissenters from the December rate cut, said he is “optimistic that interest rates can come down a significant amount over the next year.”

Benchmark 10-year Treasury yields edged up on the suggestion of a pause, limiting gold’s rise by increasing the opportunity cost for holding it instead of bonds for safety.

Tracking with yields, the dollar inched up slightly, further impeding gold’s gains by making it pricier overseas. But the buck lost 0.6% this week and is down 1.1% so far this month.

Platinum added 2.1% for a weekly rise of 5.9%. Palladium picked up less than 0.1% today and advanced 2.8% this week.

At the New York spot close: gold gained $10.85 to $4,296.35; silver shed $2.15 to $61.78; platinum rose $36.45; and palladium picked up $1.50 to $1,514.20 an ounce.