This Friday, gold managed to exceed 4,529 dollars (more than 3,800 euros) and silver 75 dollars (equivalent to 63 euros), which represent new historical highs, during a session in which the European markets remain closed for the feast of Saint Stephen, according to the EFE agency.
By mid-morning, Spanish time, the price of an ounce of gold stood at $4,529.78, reaching a new historic high after that reached 48 hours ago, last Wednesday, where it also stood at $4,524 at dawn, a level that it failed to maintain during this session. This Friday, after reaching nearly $4,530 at 8:30 a.m., with a revaluation of 0.72%, the price of gold reduced its increase to $4,511.11.
A few minutes after gold reached a new all-time high, silver did so by surpassing $75 (75.10) after 02:30 and after the maximum reached on Wednesday, at $72.70, a level that it also failed to maintain during this session.
In the early hours of this Friday, the price of silver reduced its gains to 3.75% and is trading below $75, at 74.64.
A year of skyrocketing prices
Five days from now to the end of 2025, gold records a revaluation of 71.81%, while that of silver is close to 160%. Both are seen as havens for investors from uncertainty.
In this way, gold and silver extend their upward trend, driven by the markets’ bet that the US Federal Reserve, after three consecutive cuts in interest rates, will reduce them again next year, which would be a favorable factor for precious metals, according to analysts.
Gold’s appeal as a safe haven also benefited last week from rising geopolitical tensions, notably in Venezuela, where the United States has blocked oil tankers as pressure mounts on President Nicolas Maduro’s government.
Likewise, gold is benefiting from the flow into exchange-traded funds that replicate physical gold and which results in purchases of the physical metal by ETFs, which has accelerated the “rally” of gold and the metal.
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