Madrid, December 26 (EFECOM).- Gold managed to surpass the $4,529 mark and silver the $75 mark this morning, representing new historical highs after reaching them last Wednesday, in a session in which European markets remain closed for the St. Stephen holiday.
At 2:10 a.m., the price of an ounce of gold was $4,529.78, hitting a new all-time high, having also reached $4,524 at dawn 48 hours ago, last Wednesday, a level it failed to maintain during this session.
After reaching almost $4,530 this Friday at 8:30 a.m. with an appreciation of 0.72%, the price of gold reduced its increase to $4,511.11.
Just minutes after gold hit a new all-time high, silver topped $75 (75.10) after 2:30 a.m. and after hitting Wednesday’s high of $72.70, a level it also failed to maintain during this session.
In the early hours of this Friday, the price of silver has pared its gains to 3.75% and is trading at 74.64, below the said $75.
With five days to the end of 2025, gold is up 71.81%, while silver is up almost 160%.
In this way, gold and silver are extending their uptrend, driven by markets’ bet that the Federal Reserve will cut them again after three consecutive rate cuts next year, which analysts say would be a favorable factor for precious metals.
Gold’s safe-haven appeal has also benefited from rising geopolitical tensions in the last week, particularly in Venezuela, where the United States has blocked oil tankers as pressure mounts on President Nicolás Maduro’s government.
Likewise, gold is benefiting from inflows into exchange-traded funds that track physical gold and reflected in purchases of physical metal by ETFs, which has accelerated the gold metal’s rally. EFECOM
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