The price of gold breaks all records and exceeds $4,500 for the first time in its history
The gold price spot continues its climb this Wednesday, when it has surpassed the threshold of $4,500 per ounce for the first time in its history, about to close its best year since 1979 for this safe haven asset, with a cumulative revaluation of more than 70% in 2025.
The prospects of new interest rate cuts in the United States and the persistent geopolitical instability once again boosted the price of this raw material in cash up to a maximum of $4,525.96with an increase of 0.9% compared to yesterday’s closing data. Thus, the price of an ounce of gold accumulates so far this year a rebound of 72.5%.
In addition to gold, the price of silver accelerated its particular rise this Wednesday with an increase of 2.3% compared to the previous session, until reaching a new record of $72,750 per ounce. In 2025, the price of silver accumulates a rise of 149%. On the other hand, platinum futures recorded a rise of 4.7% before opening in Europereaching an intraday high of $2,394.75. The revaluation of the metal so far this year is thus around 163%.
The different uses given to both metals also affect their price. Half of the demand for gold It comes from investments (bullion, coins and exchange-traded funds) and from central bank demand, while only one-sixth of silver is for investment purposes. Gold also plays a more relevant role for jewelry (more than 40%) than silver (more than 20% if combined with silverware).
On the other hand, the industrial use of gold is scarce (less than 10%), while most of the silver is used in this sector (around 60%), with electrical and electronic applications, as well as photovoltaic energy, being the most important areas. Thus, the price of silver is more linked to the global economic cycle, making it more prone to corrections in the event of a slowdown in the global economy.
Apart from gold purchases by central banks, the prospect of further rate cuts by the Fed in 2026especially after the 2.7% inflation data in November was much better than expected, pushes down the price of the dollar against the main currencies, thus making it cheaper for non-US investors to purchase gold.
The market sees in this metal a way to avoid sovereign debt and currencies and thus protect themselves from growing budget deficitswhile the massive purchases carried out by central banks also drive its price up. From Goldman Sachs they venture that they will maintain the buying fever, driven by central banks.
