Dec 23, 2025 - Business
Gold and silver prices surge to new record highs
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Gold and silver prices, which have been on fire all year, surged Monday to record highs.
Why it matters: The rallies in gold and silver, and in other precious metals, are seen in large part as an investor response to ongoing global tensions, including the recent pressure the U.S. is putting on Venezuela.
- Platinum and palladium also rose.
The big picture: The gains put gold and silver on track for the strongest year since 1979, a year of immense geopolitical turmoil that included the Iranian revolution, subsequent oil crisis, and the Soviet invasion of Afghanistan.
- Prices of precious metals have been fueled by lower U.S. interest rates, which tends to weaken the value of the dollar, as we noted yesterday, making safe-haven investments like gold more attractive.
- Silver has also been bolstered by being added to a Trump administration list of minerals that are seen as vital to national security.
