Precise Investors Editorial Team
Gold and silver have retreated sharply this week on profit-taking, with gold now around $4,340 and silver at $73.50
Precious metals extended losses on Tuesday on profit-taking after hitting recent records, while equities fluctuated in quiet trade as investors wound down ahead of the New Year break.
Traders were taking it easy in the last few days of 2025 following a stellar 12 months that have seen tech firms push several stock markets to all-time highs, while bitcoin, gold and silver have also enjoyed multiple highs.
Asian markets have enjoyed a healthy year, with Kospi piling on more than 75% and Nikkei 225 more than 25%, both having hit records earlier in the year.
Still, both edged down on Tuesday, with Shanghai, Sydney and Taipei also lower. Hong Kong, Singapore, Wellington and Jakarta gained.
The big moves of late have been seen in precious metals, with gold hitting a record just short of $4,550. Silver, meanwhile, topped out at $84 after surging nearly 150% this year.
Silver has also been boosted by increased central bank purchases and supply concerns.
However, both metals have retreated sharply this week on profit-taking, with gold now around $4,340 and silver at $73.50.
Minutes from the US central bank’s most recent policy meeting, at which it cut interest rates a third straight time, are due to be released later in the day and will be scanned for an idea about whether a fourth can be expected in January.
The central bank’s monetary easing in the back end of this year has been a key driver of the markets’ rally, compounding a surge in the tech sector on the back of the vast amounts of cash pumped into all things AI.
It has also helped offset recent worries about a possible tech bubble and warnings that traders might not see a return on their investments in artificial intelligence for some time.
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