Gold and silver prices surged to record levels on Friday, December 26, 2025, driven by rising geopolitical tensions and a weaker U.S. dollar.
Spot gold climbed as much as 1.2% to a new all-time high above $4,530 per ounce, supported by increased demand for safe-haven assets amid escalating tensions in Venezuela and tighter U.S. sanctions on oil shipments.
Silver extended its rally for a fifth consecutive session, jumping up to 4.5% to surpass $75 per ounce for the first time. Gains were fueled by speculative inflows and ongoing supply disruptions at key trading hubs following a historic squeeze in October.
Meanwhile, the Bloomberg dollar spot index fell 0.8% over the week—its biggest drop since June—further boosting precious metal prices.
