Gold, silver and commodities in a new golden era

Gold, silver, and commodities continue their unstoppable rise, reaching their record today, on Monday, 22^nd December.

Hence, gold surpassed $4,400 per ounce for the first time ever, while silver climbed to $69 per ounce.

Overall, precious metals are experiencing one of their strongest years in 2025. Precisely, gold is up about 68% year to date, marking its best annual performance since 1979.

Additionally, broader commodities saw strength: palladium touched a nearly three-year peak, and platinum reached a 17-year high, indicating broad metal price momentum.

Although decreased year-end trading volumes may result in profit-taking, analysts point out that seasonal patterns and persistent macroeconomic uncertainties could underpin demand for precious metals.

As the UBS analyst Giovanni Staunovo highlighted, “Lower rates are supporting the demand for real assets like gold and silver.”

Therefore, it can be noted that expectations of interest rate cuts, which have made non-yielding assets more appealing, as well as robust demand for safe havens in the face of geopolitical and economic uncertainty, are driving up the price of gold and silver.

While silver has benefited from strong industrial demand and constrained supply, the gain has also been bolstered by ongoing central bank gold purchases, a declining U.S. dollar, and ongoing concerns about inflation.

Benedetta Zimone