Gold and silver hit historic milestones Friday, capping a blistering year-end rally driven by bets on Federal Reserve rate cuts, a sliding US dollar and intensifying global tensions that sent investors scrambling for hard assets.
Gold surged past $4,500 an ounce — cementing its strongest annual performance since 1979 — while silver surpassed the $75 threshold for the first time ever.
Spot gold touched a record $4,530.60 an ounce earlier in the session, according to market data, before easing slightly but staying firmly above the once-unthinkable $4,500 mark, Bloomberg noted.
The precious metal is now up roughly 73% for the year — crowning a seemingly relentless climb that accelerated sharply in the final months of 2025.
The rally has been powered in large part by expectations that the Federal Reserve is preparing to pivot into an easing cycle, slashing interest rates as economic momentum cools.
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- by: Ariel Zilber
- 2025-12-26
- Source:
https://nypost.com/2025/12/26/business/gold-smashes-past-4500-as-silver-explodes-above-75-in-year-end-rally/
- 12/31/2025