Gold and silver take a break after hitting new all-time highs
The price of gold and silver moves slightly downwards this Monday coinciding with the opening of the markets of the Old Continent after having extended its rise during the early morning, reaching new all-time highs in the final stretch of the best year since 1979 for the gold metal due to central bank purchases, geopolitical tensions and the prospect of further rate cuts in the United States, which weakens the dollar and encourages the purchase of precious metals and basic raw materials.
In the case of spot gold, although it was around $4,550 per ounce, At the time of the European opening it registered falls of almost 2% to be listed at $4,476.93, although it maintains a revaluation of around 72% so far this year.
In addition to gold, The price of silver accelerated its particular ‘rally’ with a rise of close to 7% during the early hours, until reaching a new record above 82 dollars per ounce, although with the opening in Europe it corrected positions to trade slightly above 76 dollars, so its price will already rise by around 180% in 2025.
In this sense, Pedro del Pozo, director of financial investments at Mutualidad, anticipates looking to 2026 that the price “will probably continue to grow upwards” since “we find ourselves facing a very, very uncertain geopolitical context, in which central banks continue to stockpile precious metals and in which many economies, especially emerging ones, are turning to precious metals as an alternative to the dollar.”
“It is quite curious that in a world as digital as we live in, instead of returning to the gold standard, we are practically returning to gold directly as a standard. In any case, pay close attention because it also means a point of geopolitical uncertainty from a price point of view,” adds Del Pozo.
