AGE Daily Gold Update

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

12/22/2025: Gold jumps to new record

Source: Bill Musgrave, American Gold Exchange

Austin — New York spot gold jumped 1.9% to close at a new all-time high of $4,444.60 on flights to safety, a weaker dollar, and expectations of further easing from the Fed. Silver surged 1.6% to finish at $67.91 an ounce after reaching a new record-high of $69.28 earlier in the session.

As part of President Trump's blockade of Venezuelan oil shipments, the US Coast Guard is pursuing another tanker in international waters, the second this weekend and the third in less than three weeks. This action follows ramped-up military presence near Venezuela as Trump pushes for regime change.

Oil climbed 2.6% to more than $58 a barrel on supply concerns. Gold often trades in sympathy with oil as a hedge against energy-related inflation.

Gold had been channeling near record high prices in recent weeks, buoyed by falling interest rates and concerns about stubborn inflation. The burgeoning conflict with Venezuela is catalyzing safe haven buying that could open the door to $5,000 in coming months if further rate cuts are forthcoming.

The dollar fell 0.3%, lifting gold and other commodities by making them less expensive in other currencies. The buck has fallen nearly 10% this year, helping to fuel gold's meteoric rise.

Platinum and palladium climbed 3.6% and 2.5%, respectively.

At the New York spot close: gold gained $83.20 to $4,4444.60; silver rose $1.06 to $67.91; platinum picked up $70.80 to $2,084; and palladium advanced $44.40 to $1,793.40 an ounce.