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Daily brief · Thursday, December 25, 2025

Gold, silver and platinum extend record talk; platinum leads on supply tightness

Gold rose to $4,449.40/oz (+0.63%) while silver jumped to $72.18 (+3.50%) and platinum surged to $2,208.00 (+6.00%) in holiday-thinned trading. Reports tied the move mainly to record-high momentum across metals, with platinum singled out for tight supply and policy worries around combustion engines.

AI summaryWritten automatically with AI from 16 linked reports and our own price data, Oct 21, 2:26 AM ET. Each point links to its sources. Published without an editor’s review; not investment advice. How this page is made

Closing prices for December 25, 2025

Gold $4,449.40 +0.63% 30d +7.8% Silver $72.18 +3.50% 30d +41.0% Platinum $2,208.00 +6.00% 30d +42.1% Palladium $1,837.00 +0.00% 30d +31.3%

Tone of the reports: Leaning higher

What happened

  1. Reuters reported platinum hit a record high on tight supply, with added focus on EU combustion-engine concerns as a driver of sentiment in the platinum market.

    SourcesReuters: Platinum hits record high on tight supply, EU combustion-engine ...

  2. Multiple market wrap pieces said gold pushed through $4,500 in headline trading, with CME Group also noting February gold futures reached a record high.

    SourcesEarlier news service: GOLD Moves Above $4,500 for the First Time2: CME GROUP : February Gold futures reached a record highEconomies.com: Gold breaches $4500 for first time in history

  3. Several outlets described silver as extending the record-move narrative alongside gold and platinum, including reports of silver crossing $77 at one point in headline coverage.

    SourcesEarlier news service: SILVER crosses $77 mark while gold, platinum stretch record highsInvesting.com: China slams U.S. “indiscriminate” chip tariffs, pledges to protect ...

  4. Investing.com described a broader “holiday rally mode” across markets, with precious metals rising alongside equities in a risk-on backdrop.

    SourcesInvesting.com: Stock Indices and Precious Metals in Holiday Rally Mode | Investing ...2: S&P 500, Dow hit all-time closing highs; gold, silver touch records ...

  5. MINING.COM highlighted platinum’s surge as being driven by tight global supplies, reinforcing the supply-side story behind platinum’s outperformance.

    SourcesMINING.COM: Platinum price soars to record above $2,300 on tight global supplies ...

  6. Corporate and thematic items were also in the mix: ExGen announced a second silver stream linked to a South American gold mine, while a separate release covered Gold Hunter Resources’ use of machine-learning tools.

    SourcesInvesting.com: ExGen acquires second silver stream on South American gold mine ...Yahoo Finance: Gold Hunter Deploys Machine-Learning Artificial Intelligence with ...

Bull vs bear

The arguments the day’s reports made for each direction. We list them side by side; we don’t pick one.

The case for higher prices

The case for lower prices

Metal by metal

Gold $4,449.40 +0.63%

Several reports focused on gold breaking above $4,500 in headline terms, with one noting support from weaker data and SPDR Gold Trust holdings as part of the backdrop for demand.

Gold headlines

Silver $72.18 +3.50%

Coverage framed silver as moving with the broader precious-metals surge, including reports describing silver crossing $77 in headline trading while gold and platinum stretched record highs.

Silver headlines

Platinum $2,208.00 +6.00%

Reuters and MINING.COM emphasized tight supply as a key driver behind platinum’s record run, with Reuters also flagging EU combustion-engine concerns as part of the narrative.

Platinum headlines

Palladium $1,837.00 +0.00%

No report focused on palladium.

Palladium headlines

The day’s reports

18 reports, most important first, New York time.

  1. 10:16 PM Reuters · 10:16 PM▲ Reports a rise Platinum hits record high on tight supply, EU combustion-engine ... Platinum hits a record high on tight supply and EU combustion-engine concerns.
  2. 7:00 PM Earlier news service · 7:00 PM▲ Reports a rise GOLD Moves Above $4,500 for the First Time Gold moves above $4,500 for the first time.
  3. 7:00 PM Bloomberg · 7:00 PM Gold Glistens Into Holiday Season - Bloomberg Bloomberg reports on gold during the holiday season.
  4. 7:00 PM Earlier news service · 7:00 PM▲ Reports a rise GOLD and SILVER Smash Records Again as Rally Gathers Momentum Gold and silver smash records again as the rally gathers momentum.
  5. 7:00 PM Earlier news service · 7:00 PM▲ Reports a rise $2440 : PLATINUM Hits New Record Platinum hits a new record at $2,440.
  6. 7:00 PM Earlier news service · 7:00 PM▲ Reports a rise SILVER crosses $77 mark while gold, platinum stretch record highs Silver crosses $77 while gold and platinum also stretch to record highs.
  7. 7:00 PM Earlier news service · 7:00 PM▲ Reports a rise CME GROUP : February Gold futures reached a record high CME Group says February gold futures reached a record high.
  8. 7:00 PM Investing.com · 7:00 PM▲ Reports a rise Stock Indices and Precious Metals in Holiday Rally Mode | Investing ... Precious metals join a holiday rally in stocks and markets.
  9. 7:00 PM Earlier news service · 7:00 PM CHINA’s GFEX sets 300-lot daily opening cap for non-futures firms on platinum an.. China's GFEX has set a 300-lot daily opening cap for non-futures firms on platinum and palladium contracts.
  10. 7:00 PM Earlier news service · 7:00 PM ASIA - Record gold price rally in India cools Indian purchasing; China discounts.. India's record gold rally is cooling buying while China trades at discounts.
  11. 7:00 PM Earlier news service · 7:00 PM▲ Reports a rise TOKENIZED commodities near $4B, as gold extends all-time rally Tokenized commodities near $4 billion as gold extends its all-time rally.
  12. 7:00 PM Earlier news service · 7:00 PM▲ Reports a rise ASIAN gold buying slows amid holiday-thinned trading; gold eyes USD 4,600/oz Asian gold buying slows in holiday-thinned trading as gold eyes $4,600 an ounce.
  13. 7:00 PM Investing.com · 7:00 PM▲ Reports a rise Gold Price Blasts Through $4,500 With 2025 Set to End in a ... Gold blasts through $4,500 as 2025 ends on a bullish note.
  14. 7:00 PM FXEmpire · 7:00 PM Gold (XAUUSD) & Silver Price Forecast: Bullish Channels Hold After ... FXEmpire says gold and silver bullish trends hold after Christmas trading.
  15. 7:00 PM Earlier news service · 7:00 PM Will INDIANS still ride the gold wave in 2026? The piece asks whether Indians will keep buying gold in 2026 after the recent rally.
  16. 7:00 PM Earlier news service · 7:00 PM▲ Reports a rise GOLD hits new record: Why investors may not want to take a new stake The article says investors may want to be cautious about adding fresh gold positions after the new record.
  17. 7:00 PM Earlier news service · 7:00 PM▲ Reports a rise SILVER Strength Signals a Shift in Precious Metals Momentum Silver strength signals a shift in precious-metals momentum.
  18. 12:00 AM The Times of India · 12:00 AM▲ Reports a rise Gold & silver price prediction: Gold, silver at new highs A market piece says gold and silver are at new highs and remain in an uptrend.

How this page is made

Collected every hour. Summed up twice a day. Linked to the source.

Where the news comes from

  • Reuters and Dow Jones headlines for gold, silver, platinum and palladium, through TradingView
  • Kitco News and MetalsDaily
  • The World Gold Council
  • Google News, for wider coverage
  • A daily AI web search for anything the feeds missed

How the briefs are written

Every hour we collect new headlines. An AI model from OpenAI tags each one by metal, topic and importance and writes a one-line summary from its headline and teaser. It doesn’t read paywalled articles. On weekdays at about 8 AM and after the 5 PM New York close, it writes a brief from the most important reports and our own spot price feed. Every point cites the reports it came from. On Fridays it writes a recap of the week.

Who publishes it

Bullion Trading LLC is a physical precious metals dealer in New York’s Diamond District, in business since 2008. Prices on this page come from our own live feed and LBMA history. We buy and sell bullion, so read the briefs as market context, not investment advice. Briefs are published automatically, without an editor’s review. If you spot an error, tell us.

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