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| Gold Surges Past $4,500 as Silver and Platinum Hit All-Time Highs |
Gold surged past $4,500 per ounce for the first time on December 24, 2025, while silver and platinum also reached record highs amid strong safe-haven demand and expectations of U.S. interest rate cuts in 2026. The rally has driven gold and silver prices to their strongest annual gains in decades, reflecting deepening investor concerns over geopolitical tensions and global economic uncertainty.
Spot gold touched an all-time high of $4,525.19 before settling at $4,481.90, up over 70% year-to-date—the biggest annual increase since 1979. U.S. gold futures for February delivery rose to $4,509.20, supported by central bank buying, ETF inflows, and de-dollarization trends.
Silver climbed to a record $72.70 an ounce, ending the session at $71.95, marking a surge of more than 150% in 2025. Its inclusion on the U.S. critical minerals list and speculative momentum have amplified investment demand beyond traditional gold flows.
Platinum and palladium also posted extraordinary gains, rising roughly 160% and 100% year-to-date, respectively. Tight mining supply and spillover demand from precious metals markets fueled their sharp rallies, though their thinner liquidity makes them prone to volatility.
Analysts project gold and silver prices could extend gains in the coming months, with gold targeting $5,000 and silver eyeing $80 within the next 6 to 12 months, especially if U.S. monetary policy remains accommodative and risk sentiment stays fragile.
