Wed, 31 Dec 2025
The price of gold soared by more than 60% this year to hit a record high of more than $4,549.
* Gold prices soared by over 60% this year, reaching a record high of $4,549 (£3,378) an ounce before dipping to around $4,350 on New Year's Eve.
* Silver hit an all-time high of $83.62 an ounce but traded at about $74 on New Year's Eve.
* The price increases were fueled by expectations of interest rate cuts, central bank gold purchases, and investor demand for "safe haven" assets due to global tensions and economic uncertainty.
* Analysts point to several factors contributing to the price rises, including:
+ Expectations of further US Federal Reserve interest rate cuts
+ Central banks adding hundreds of tons of gold to their reserves
+ Supply tightness and industrial demand driving up silver prices
+ China's restrictions on silver exports to protect resources and the environment
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