Gold and platinum have risen significantly: what is the price of metals
26 December 15:09
Gold, silver and platinum hit new records on Friday, December 26. Speculation and reduced liquidity at the end of the year supported precious metals prices, and markets took into account the possibility of further rate cuts in the United States and rising geopolitical tensions.
Reuters writes that spot gold stopped at $ 4504.79 per ounce as of 6:23 a.m. Kyiv time, after reaching a record high of $ 4530.60, and US gold futures for February delivery rose 0.7% to $ 4535.20. Thus, 1 gram of gold cost $145.32, reports "Komersant Ukrainian".
At the same time, spot silver jumped 3.6% to $74.56 an ounce after reaching a record high of $75.14. Thus, 1 gram of the metal cost $2.4.
Kelvin Wong, a senior market analyst at OANDA, believes that gold could rise to $5,000 in the first half of 2026, and silver to $90.
This year, gold has shown strong growth, recording its largest annual gain since 1979. At the same time, silver has risen 158% since the beginning of the year, outperforming gold’s growth by almost 72%, thanks to a structural deficit, inclusion in the US list of critical minerals and robust industrial demand.
At the same time, the spot price of platinum rose 7.8% to $2,393.40 an ounce after reaching a record high of $2,429.98 earlier, while the price of palladium rose 5.2% to $1,771.14 after hitting a three-year high in the previous session. Thus, 1 gram of platinum cost $77.21, and 1 gram of palladium cost $57.13.
Platinum and palladium have risen sharply due to a shortage of supply, uncertainty over duties and investors switching from gold to these metals. Since the beginning of the year, platinum has risen by about 165% and palladium by more than 90%.
