For the first time, gold surpasses $4,500, and silver and platinum reach record levels.
For the first time, gold surpasses $4,500, and silver and platinum reach record levels.
2025-12-24
Shafaq News – Baghdad / Erbil
Gold prices surpassed the $4,500 per ounce mark for the first time on Wednesday, while silver and platinum hit new record highs, amid a surge in investor demand for precious metals driven by safe-haven buying and expectations of further US interest rate cuts next year.
Spot gold rose 0.1% to $4,492.51 an ounce by 03:59 GMT, after hitting a record high of $4,525.19 earlier in the session. U.S. gold futures for February delivery also climbed 0.3% to a record high of $4,520.60 an ounce.
The price of silver rose 1.2% to $72.27 an ounce, after hitting an all-time high of $72.70, while platinum jumped 3.3% to $2,351.05, after reaching a historic high of $2,377.50 an ounce.
The price of palladium also rose by about 2% to $1,897.11 an ounce, its highest level in three years.
Gold has risen by more than 70% since the beginning of the year, its biggest annual gain since 1979, supported by demand for safe havens, expectations of US interest rate cuts, strong purchases by central banks, and inflows into exchange-traded funds.
Silver prices rose by more than 150% during the same year, outperforming gold, driven by strong investment demand and its inclusion in the list of vital metals in the United States.
In contrast, platinum and palladium prices continued to rise during the current year, with platinum rising by about 160%, while palladium has made gains exceeding 100% since the beginning of the year.
shafaq.com
