AGE Daily Gold Update

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

12/30/2025: Gold, silver rebound on safety

Source: Bill Musgrave, American Gold Exchange

Austin — New York spot gold rebounded 1% to close above $4.370 after rekindled geopolitical turmoil brought in bargain hunters following yesterday's sharp correction from all-time highs. Silver surged more than 8% to finish $77.37 an ounce.

Renewed safe-haven demand dominated thin, holiday trading in precious metals after Russia accused Ukraine of attacking Putin's residence and vowed to retaliate, undermining reported progress in a possible ceasefire plan. Ukraine denied the accusation.

Separately, the markets await the release of the minutes from this month's Fed meeting to gauge the outlook for monetary policy. While the central bankers cut interest rates by a quarter-point for the third straight time, their decision was far from unanimous.

Fed funds futures traders currently anticipate two additional cuts in 2026, but hawkish dissent in the minutes, to be released later today, could change the rate view and affect gold and silver. Both metals thrive under lower interest rates, in part because lower rates weaken the dollar, which makes them less expensive in other currencies.

The dollar picked up less than 0.2% today as traders expected at least some Fed voices will resist further rate cuts until inflation stops climbing. But the buck is on track to drop more than 8% in 2025, its worst year since 2017.

All four precious have enjoyed a banner 2025. Gold's 66% rally this year, its best since 1979, has been driven by a weak dollar, lower interest rates, global de-dollarization, financial turmoil because of volatile trade policies, and aggressive buying by central banks.

Silver's astounding 162% rise has benefited from a five-year supply deficit, increased industrial demand, and, tracking gold, rising demand as a currency of last resort.

Platinum and palladium have soared 144% and 81% this year, respectively. In part, they have been swept higher in sympathy with gold and silver. But they have also been buoyed by their own strong fundamentals including supply deficits, tariff uncertainty, and renewed demand for use in catalytic converters after the EU rescinded its 2035 ban on combustion engines.

Today, platinum rebounded 6.7% while palladium picked up 5.6%.

At the New York spot close: gold gained $45 to $4,370.10; silver surged $5.84 to $77.37; platinum climber $140.24 to $2,232.30; and palladium advanced $89.80 to $1,706.70 an ounce.