December 19, 2025
Article from Bloomberg by Robin Paxton and Preeti Soni
Article Synopsis
Gold and silver hovered near record highs after slower-than-expected U.S. inflation reinforced expectations for future interest-rate cuts, a supportive backdrop for non-yielding assets. Gold traded near $4,330 an ounce while silver remained close to record levels, with both metals on track for their strongest annual performances since 1979, driven by central-bank buying and strong ETF inflows.
Although the Federal Reserve has turned more cautious about the pace of easing, falling rates have intensified competition for limited bullion supplies. Geopolitical tensions, including escalating U.S. pressure on Venezuela, have further boosted gold’s safe-haven appeal, while platinum also surged amid tightening physical markets.
