Gold's Epic 66% Roar: Best Surge Since '79 as Silver Explodes 150%!

Precious metals wrapped 2025 with historic gains despite Wednesday's profit-taking pullback. Gold, steady at $4,345.75/oz as of 0404 GMT, benefited from Fed rate cuts, central bank purchases, ETF inflows, and geopolitical risks. Analysts like Ilya Spivak from Tastylive see momentum carrying it to $5,000 by late Q1 2026, with catalysts now self-sustaining. Silver's 150%+ rally, outpacing gold, stemmed from its U.S. critical mineral designation, supply squeezes, depleted inventories, and surging demand in solar panels, EVs, and investments—hitting milestones like $83.62 all-time high Monday.

 

Platinum plunged 6.1% to $2,065.80/oz post-$2,478.50 lifetime peak but notched over 120% yearly gain, its best ever, amid tight supply and EU policy tailwinds. Palladium shed 7.1% to $1,496.75/oz, still up 65%—top in 15 years. Declines linked to thin holiday volumes, CME margin hikes on futures, and dollar's one-week high hiking costs for non-US buyers. Fed minutes highlighted nuanced December cut debate, with two more eyed in 2026, favoring non-yielding assets in low-rate world.

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Key Highlights

Sources: Reuters, The Economic Times