Daily brief · Friday, December 26, 2025
Gold ends higher as silver and platinum lead a post-holiday surge to record territory
Gold closed at $4,449.40/oz (+0.63%), while silver ($72.18, +3.50%) and platinum ($2,208.00, +6.00%) outperformed on the day. Coverage framed the move as a mix of safe-haven demand, rate-cut expectations, and—especially for platinum—tight supply.
AI summaryWritten automatically with AI from 31 linked reports and our own price data, Oct 21, 2:27 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 26, 2025
Tone of the reports: Leaning higher
What happened
Reuters reported silver pushed through the $75–$76 area intraday as gold and platinum extended their record run, keeping the spotlight on broad-based buying across the complex even in thin holiday conditions.
SourcesReuters: Silver tops $75 as gold, platinum extend record run2: Silver crosses $75 mark while gold, platinum stretch record highs3: Silver crosses $76 mark while gold, platinum stretch record highs
Kitco News said gold and silver hit record highs on safe-haven demand, tying the rally to risk worries rather than only technical momentum.
SourcesKitco News: Gold, silver power to record highs on safe-haven demand
Reuters said platinum hit a record high on tight supply, also noting concerns linked to EU combustion-engine policy as part of the backdrop for the move.
SourcesReuters: Platinum hits record high on tight supply, EU combustion-engine ...
MarketWatch (via Barron’s) linked gains in gold and silver to expectations of lower interest rates, while equities finished about flat.
SourcesMarketWatch: Stocks Close Flat as Gold and Silver Shine - Barron's
Yahoo Finance reported traders were weighing U.S. government shutdown risk and expectations for Fed rate cuts as gold and silver stayed near record highs.
SourcesYahoo Finance: US stocks hover at record highs in quiet trading; gold and silver ...
Kitco News reported Goldman Sachs still views gold as its “single favorite long commodity,” while also flagging the possibility of a pullback after the run-up.
SourcesKitco News: “Gold remains our single favorite long commodity,” spot price to ...
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
Safe-haven demand has been a key driver behind record highs in gold and silver, according to Kitco News.
SourcesKitco News: Gold, silver power to record highs on safe-haven demand
Expectations for lower interest rates were cited as supportive for gold and silver, according to MarketWatch (Barron’s).
SourcesMarketWatch: Stocks Close Flat as Gold and Silver Shine - Barron's
Platinum’s rally was linked to tight supply, according to Reuters.
SourcesReuters: Platinum hits record high on tight supply, EU combustion-engine ...
ETF Trends argued that a weakening U.S. dollar outlook for 2026 could create room for additional gold strength.
The case for lower prices
Kitco News reported Goldman Sachs expects a pullback even while staying constructive on gold longer-term, implying near-term consolidation risk after record levels.
SourcesKitco News: “Gold remains our single favorite long commodity,” spot price to ...
Bloomberg reported gold steadied as traders booked profits after the rally to record levels, pointing to profit-taking pressure.
SourcesBloomberg: India - Bloomberg
FXEmpire noted safe-haven flows are offsetting other pressures, suggesting the rally is not one-way and faces countervailing forces.
SourcesFXEmpire: Gold (XAUUSD) & Silver Price Forecast: Safe-Haven Flows Offset ...
Metal by metal
The day’s reports
30 reports, most important first, New York time.
- 7:00 PM Yahoo Finance · 7:00 PM▲ Reports a rise Gold Climbs To Fresh Records As Traders Shrug Off Hot GDP And ... Gold hit fresh all-time highs and is set to close the week just under $4,550 an ounce.
- 2:03 PM Reuters · 2:03 PM▲ Reports a rise Silver crosses $76 mark while gold, platinum stretch record highs Reuters reports silver crossed $76 while gold and platinum also stretched to record highs.
- 10:58 AM Reuters · 10:58 AM▲ Reports a rise Silver crosses $75 mark while gold, platinum stretch record highs Silver crosses $75 while gold and platinum stretch to record highs.
- 9:19 AM Kitco News · 9:19 AM▲ Reports a rise Gold, silver power to record highs on safe-haven demand Gold and silver hit record highs on safe-haven demand.
- 7:55 AM Reuters · 7:55 AM▲ Reports a rise Silver tops $75 as gold, platinum extend record run Silver tops $75 as gold and platinum extend their record run.
- 7:00 PM Yahoo Finance · 7:00 PM▲ Reports a rise Silver and Gold Prices Rally; Stock Futures Inch Lower Gold and silver prices rallied while stock futures edged lower.
- 7:00 PM Yahoo Finance · 7:00 PM▲ Reports a rise US stocks hover at record highs in quiet trading; gold and silver ... Gold and silver are near record highs as traders weigh a U.S. government shutdown and expectations for Fed rate cuts.
- 2:45 PM CNBC · 2:45 PM▲ Reports a rise Gabelli's Chris Mancini talks gold and silver prices hitting record highs CNBC discusses gold and silver prices hitting record highs and what is driving the move.
- 6:40 AM Action Forex · 6:40 AM▲ Reports a rise Gold Price Breaks Above $4,500 for the First Time Gold breaks above $4,500 and sets a new all-time high.
- 7:55 PM MarketWatch · 7:55 PM▲ Reports a rise Stocks Close Flat as Gold and Silver Shine - Barron's Stocks ended flat as gold and silver gained on expectations of lower interest rates.
- 7:00 PM Yahoo Finance · 7:00 PM▲ Reports a rise Gold hits new record, bitcoin slips, Apple's China sales Gold hit a new record while bitcoin slipped.
- 7:00 PM Bloomberg · 7:00 PM India - Bloomberg Gold steadied as traders booked profits after a rally to record levels.
- 7:00 PM Kitco News · 7:00 PM “Gold remains our single favorite long commodity,” spot price to ... Gold remains Goldman Sachs’ favorite long commodity, though the bank expects a pullback.
- 7:00 PM Kitco News · 7:00 PM Special Report: Must read--This is what this week's price action in ... Kitco says silver’s recent price action has been stunning.
- 7:00 PM FXEmpire · 7:00 PM Gold (XAUUSD) & Silver Price Forecast: Safe-Haven Flows Offset ... A gold and silver forecast says safe-haven flows are offsetting other pressures.
- 7:00 PM Bloomberg · 7:00 PM▲ Reports a rise US Strikes ISIS in Nigeria, Gold Hits Fresh Record, More - Bloomberg Bloomberg's audio roundup says gold hit a fresh record as it covers major global business headlines.
- 7:00 PM FXEmpire · 7:00 PM▲ Reports a rise Gold Price Outlook – Gold Continues to March Higher | FXEmpire FXEmpire says gold continues to move higher as central banks keep buying and geopolitical and debt concerns persist.
- 7:00 PM Earlier news service · 7:00 PM From SAFE-HAVEN investment to geostrategic weapon: Who owns the most gold and wh.. The article looks at who owns the most gold and how safe-haven holdings have become a geostrategic weapon.
- 7:00 PM Earlier news service · 7:00 PM BRICS nations control 50% of the global gold reserves. What does it mean for the.. The article says BRICS nations control about half of global gold reserves and asks what that means.
- 7:00 PM Earlier news service · 7:00 PM▲ Reports a rise INDIA's Forex Reserves Surge $4.36 Billion To $693 Billion, Gold Holding Rises $.. India's forex reserves rose, and the country's gold holdings also increased.
- 12:16 PM MarketPulse · 12:16 PM▲ Reports a rise The 2025 Metal Frenzy: A Year-End Wrap-Up and 2026 Outlook The article reviews 2025's precious-metals rally and offers 2026 outlooks for gold, silver, platinum and other metals.
- 12:02 PM CNBC · 12:02 PM▲ Reports a rise We are 'really excited' about silver next year, says Wheaton Precious ... Wheaton Precious Metals' CEO says the company is excited about silver's outlook next year.
- 10:20 AM Reuters · 10:20 AM▲ Reports a rise Asia stocks rise to six-week high; precious metals on a tear Asian stocks rise as precious metals rally to new highs.
- 7:00 PM Bloomberg · 7:00 PM▲ Reports a rise Stocks Hover Near Record as Nvidia Gains on AI Licensing Deal ... Markets hovered near records as gold, silver and platinum were mentioned in the rally backdrop.
- 7:00 PM Kitco News · 7:00 PM▲ Reports a rise 57% of retail investors expect silver to trade above $100/oz in 2026 ... A Kitco survey says many retail investors expect silver to trade above $100 an ounce in 2026.
- 7:00 PM Yahoo Finance · 7:00 PM Gold Or Silver ETFs: What Could Rally More in 2026? The article compares whether gold or silver ETFs could rally more in 2026.
- 7:00 PM Earlier news service · 7:00 PM GOLD Enters 2026 Overbought but Supported by Still-Early Allocation Flows The article says gold enters 2026 overbought but still supported by early allocation flows.
- 1:59 PM etftrends.com · 1:59 PM▲ Reports a rise A Diminishing Dollar Could Make Room For Gold Rallies Diminishing Dollar Could Spark Gold Rallies ETF Trends says a weaker U.S. dollar outlook for 2026 could help gold rally further.
- 8:27 AM Kitco News · 8:27 AM Gold market analysis for December 26 - key intra-day price entry levels for active traders Kitco publishes gold market analysis with key intraday price entry levels for traders.
- 8:18 AM Reuters · 8:18 AM How silver is traded, from stocks and shares to coins and bars Reuters explains how silver is traded through stocks, shares, coins and bars.
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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