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01/01/2026 04:10 AST
Gold was steady on Wednesday but remained on track for its strongest annual gain in over four decades, while other precious metals fell sharply as investors booked profits after a strong, record-setting rally.
Spot gold was steady at $4,345.75 per ounce as of 0404 GMT after hitting a record high of $4,549.71 on Friday. US gold futures for February delivery lost 0.5% to $4,365.0/oz.
Bullion has climbed 66% in 2025, marking its largest annual gain since 1979.
Spot silver fell 4.5% to $73.06 per ounce on Wednesday after hitting an all-time high of $83.62 on Monday. Silver has gained over 150% year-to-date, far outpacing gold, and is set for its best year ever.
Spot platinum shed 6.1% to $2,065.80 per ounce after rising to a lifetime high of $2,478.50 on Monday. Palladium fell 7.1% to $1,496.75 per ounce, set to close the year up 65%, its best performance in 15 years.
Last week gold and silver prices had logged new record highs driven by demand for safe-haven assets and growing expectations of another cut in US interest rates next year.
Gold rose to an all-time high above $4,500 an ounce on December 24. Silver and platinum also advanced to records.
Trade Arabia
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Gold | 4,330.49 | 15.4 | 0.36 |
| Silver | 72.67 | 1.37 | 1.92 |
| Platinum | 2,155 | 100.5 | 4.89 |
| Palladium | 1,645 | 32 | 1.98 |
02/01/2026
Goldman Sachs has drawn a bold line through global commodity markets for 2026: buy gold aggressively and sell oil.
In its latest Commodities Outlook, led by Daan Struyven, the bank argues th
Khaleej Times
01/01/2026
The Central Bank of Egypt and the African Export-Import Bank have signed a memorandum of understanding to establish a pan-African Gold Bank, a strategic initiative aimed at formalizing gold value ch
Arab News
29/12/2025
Silver breached the $77 mark for the first time on Friday, while gold and platinum hit record highs, buoyed by expectations of US Federal Reserve rate cuts and geopolitical tensions that fueled safe-
Reuters
26/12/2025
Gold prices in the Qatari market rose by 3.22 percent during the current week, reaching $4,479.89 per ounce on Thursday, according to data released by Qatar National Bank.
The bank's data sh
The Peninsula
22/12/2025
Gold prices surged to a record high on Monday, riding on growing expectations of further US interest rate cuts and strong safe-haven demand, with silver also joining the rally to hit an all-time peak
Khaleej Times
Financial Information Co.
Saudi Arabia