AGE Daily Gold Update

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

12/29/2025: Metals tumble on profit-taking

Source: Bill Musgrave, American Gold Exchange

Austin — New York spot gold tumbled 4.4% to close under $4,330 as traders took year-end profits from bullion's record finish above $4,529 last Friday. Silver shed 6.5% to finish at $71.53 after Friday's record high of $76.49 an ounce.

Reports over the weekend that President Trump and Ukrainian President Volodymyr Zelenskiy made progress toward a possible ceasefire in the Russia-Ukraine war drained some of the safe-haven premium from precious metals.

With the books on 2026 about to close, and with gold and silver having rallied an astounding 65% and 150% this year, respectively, some traders took profits off the table. Thin holiday trading, with decreased liquidity in the markets, pushed prices lower than fundamentals might warrant.

Silver's atomic rise has been driven by deep supply shortages, its status as a designated critical mineral, rising industrial demand, and aggressive speculation, especially in China.

Gold's best year since 1979 is the result of global de-dollarization, rising geopolitical conflict, unstable US trade policies, and aggressive buying by global central banks, especially China and emerging-market nations.

Platinum and palladium fell 6.7% and 7.8% respectively.

At the New York spot close: gold fell $199.61 to $4,329.50; silver shed $4.96 to $71.53; platinum dropped $150.94 to $2,091.46; palladium retreated by $149.40 to $1,616.90 an ounce.