Precious metals started by expanding on their significant 2025 gains.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd

Precious metals began the first trading session of the New Year by building on the major gains of 2025 as geopolitical tension and expectations of U.S. rate cuts keep demand for gold high.

Spot gold was steady at $4,313.29 per ounce, as of 01:46 p.m. ET, (1846 GMT), after rising as high as $4,402.06 earlier in the session.

Bullion hit a record high of $4,549.71/oz on December 26, and logged a 64% rise in 2025. U.S. gold futures for February delivery settled 0.3% lower at $4,329.6/oz.

“We are continuing to see the market talk about cuts in March and maybe another cut later this year… that combination with significant talk about markets potentially being at risk with tariffs and continued U.S. debt are all kind of moving gold, silver, platinum, and palladium higher,” said Bart Melek, global head of commodity strategy at TD Securities.

Source: newsthemegh.com