A glorious year for the precious metals market came to an end. On the last trading day of 2025, the price of gold and silver both declined, but the annual increase remained stable at the highest level in more than 40 years. The price of spot gold hovered around $4,320 per ounce, while the price of silver fell to $71 per ounce. Market trading was light after the holiday. The prices of the two major precious metals fluctuated sharply. They fell sharply on Monday, rebounded and rebounded on Tuesday, and fell again on Wednesday. This round of sharp turbulence prompted the exchange operator Chicago Mercantile Exchange Group to raise margin requirements twice. Gold and silver both recorded their best annual performance since 1979, supported by a surge in demand for safe-haven assets due to heightened geopolitical risks and the Federal Reserve's interest rate cuts. High inflation and increasing debt burdens in developed economies have raised market concerns, spawned so-called currency depreciation transactions, and further boosted the sharp rise in precious metals prices.

A glorious year for the precious metals market came to an end. On the last trading day of 2025, the price of gold and silver both declined, but the annual increase remained stable at the highest level in more than 40 years. The price of spot gold hovered around $4,320 per ounce, while the price of silver fell to $71 per ounce. Market trading was light after the holiday. The prices of the two major precious metals fluctuated sharply. They fell sharply on Monday, rebounded and rebounded on Tuesday, and fell again on Wednesday. This round of sharp turbulence prompted the exchange operator Chicago Mercantile Exchange Group to raise margin requirements twice. Gold and silver both recorded their best annual performance since 1979, supported by a surge in demand for safe-haven assets due to heightened geopolitical risks and the Federal Reserve's interest rate cuts. High inflation and increasing debt burdens in developed economies have raised market concerns, spawned so-called currency depreciation transactions, and further boosted the sharp rise in precious metals prices.