AGE Daily Gold Update

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

12/17/2025: Gold gains, silver hits new record high

Source: Bill Musgrave, American Gold Exchange

Austin — New York spot gold gained 1% to close above $4,347 as faltering equities and rising tensions between the US and Venezuela stoked safe-haven demand. Silver surged 3.6% to finish at a new all-time high of $66.24 an ounce.

Confidence in the AI trade wavered as Nvidia, the leading AI chipmaker, fell 3.8% and Oracle struggled to finance its new mega-data center in Michigan. The tech-heavy Nasdaq fell 1.8% in reaction while the S&P 500 shed 1.2%.

Adding to flights to safety, President Trump ordered a "blockade" of Venezuelan oil tankers in his latest effort to force President Nicolas Maduro to leave office. The move raised concerns about the possibility of armed conflict and lifted oil prices by 1.75%. Gold often trades in sympathy with oil as a hedge against energy-related inflation.

Benchmark 10-year Treasury yields rose slightly as traders brace for tomorrow's release of the delayed CPI report. Inflation was rising before the government shutdown.

The question facing the Fed is whether prices continued to climb during October and November while data collection ceased. The CPI data, followed on Friday by the PCE index, the Fed's preferred inflation gauge, could influence the course of interest rates over the next few months.

Gold has risen 65% this year behind chaotic trade policies, inflation worries, geopolitical instability, and aggressive buying by global central banks. Silver is up 129% for the same reasons, plus substantial supple deficits.

Platinum and palladium rose 3.2% and 3%, respectively.

At the New York spot close: gold gained $43 to $4,347.50; silver surged $2.47 to $6624; platinum picked up %58.17 to $1,903.31; and palladium advanced $48.56 to $1,654.69 an ounce.