AGE Daily Gold Update

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

12/18/2025: Gold dips after soft CPI

Source: Bill Musgrave, American Gold Exchange

Austin — New York spot gold was little changed, dipping less than 0.3% to close under $4,334 on rising risk appetite, after softer than expected consumer prices lifted equities and pressured Treasury yields. Silver shed 1.2% on profit-taking, closing at $65.45 after hitting all-time highs this week.

The Consumer Price Index, delayed by the government shutdown, showed prices rising just 2.7% in November, well under the 3.1% consensus forecast. The core rate, excluding volatile food and energy costs, rose an annualized 2.6%. It was the slowest annual pace since early 2021.

While many question the validity of data collected during the shutdown, Wall Street nonetheless leapt at the news as traders anticipate future rate cuts. Rate-sensitive tech stocks led the way, with eh Nasdaq jumping 1.8% while the S&P 500 added 1.1% and the Dow 0.5%.

Benchmark 10-year Treasury dropped as the latest inflation data suggested that the Fed may be less inclined to reign in rate cuts. Indeed, President Trump announced today that his picked for the next Fed Chair will support sharply lower rates.

Platinum and palladium fell less than 0.1% and 3%, respectively.

At the New York spot close: gold fell $13.95 to $4,333.55; silver shed 79 cents to $65.45; platinum dipped 18 cents to $1,932.85; and palladium lost $49.36 to $1,704.05 an ounce.