Gold bullion can be seen after being removed from casts at the ABC Refinery smelter in Sydney on April 29, 2025. <\/p>\n
David Gray | AFP | Getty Images<\/p>\n
Gold\u00a0touched a record high on Tuesday, \u200djust shy of breaching \u200dthe\u00a0$4,500\u00a0per-ounce threshold, as \u200da weaker dollar and persistent geopolitical uncertainty boosted demand for the safe-haven metal, while silver continued its rally to an all-time peak.<\/p>\n
Spot\u00a0gold<\/a>\u00a0rose 1% to\u00a0$4,488.94\u00a0per ounce after hitting a record\u00a0$4,497.55\u00a0earlier \u200bin the session.\u00a0U.S.\u00a0gold\u00a0futures<\/a> for February delivery rose 1.1% to\u00a0$4,520.10.<\/p>\n “Expectations for a dovish Fed, markets losing confidence in the greenback, geopolitical tensions, central bank buying…. Investors’ lust of\u00a0gold\u00a0remains \u2060massive, due to a mix of all factors above,” said\u00a0Carlo Alberto De Casa, external analyst at banking group\u00a0Swissquote.<\/p>\n The\u00a0U.S.\u00a0dollar extended losses to a second day and was on course for its biggest annual fall since 2017.<\/p>\n On the geopolitical front,\u00a0U.S.\u00a0President\u00a0Donald Trump\u00a0last week ordered a “blockade” of all sanctioned oil tankers entering and leaving\u00a0Venezuela, and said he was not ruling out the possibility of war with the country.<\/p>\n Meanwhile, markets are currently pricing in two interest rate cuts for 2026 as reports of Trump naming a new\u00a0Federal Reserve\u00a0chair early next year reinforce expectations for dovish monetary policy.<\/p>\n Bullion has climbed more than 70% this \u200dyear as investors seek refuge amid global tensions and lower interest rates.<\/p>\n Spot \u200csilver advanced 0.7% to\u00a0$69.51\u00a0per ounce after touching a record \u2060high of\u00a0$69.98\u00a0earlier.<\/p>\n The white metal has risen 142% year-to-date on supply deficits, industrial demand, and investment inflows.<\/p>\n “Both\u00a0gold\u00a0and silver continue \u200dto attract buying strength. This behavior suggests that\u00a0$4,500\u00a0and\u00a0$70\u00a0are being treated less as hard ceilings and more as reference points within ongoing trends, leaving both metals firmly supported for now and over the holidays,” said\u00a0Ahmad Assiri, research strategist at\u00a0Pepperstone.<\/p>\n","protected":false},"excerpt":{"rendered":"Gold bullion can be seen after being removed from casts at the ABC Refinery smelter in Sydney on…\n","protected":false},"author":3,"featured_media":466546,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[133,64,81,69,24813,100676,24814,24815,24812,4352,67,132,68],"class_list":{"0":"post-466545","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-breaking-news-markets","9":"tag-business","10":"tag-business-news","11":"tag-donald-trump","12":"tag-gold-us-dollar-spot","13":"tag-gold-comex-dec25","14":"tag-precious-metal-markets","15":"tag-precious-metals-industry","16":"tag-silver-us-dollar-spot","17":"tag-trump-administration","18":"tag-united-states","19":"tag-unitedstates","20":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115768806880739825","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/466545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=466545"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/466545\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/466546"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=466545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=466545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=466545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}