Rolling coverage of the latest economic and financial news
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
Gold has climbed over the $4,500 per ounce mark for the first time ever, on the final trading day before Christmas.
As investors look for signs of a Santa Rally today, bullion has risen as high as $4,525 per ounce. Gold has risen for 11 of the last 12 days, taking its gains in 2025 to over 70%, its best year since 1979.
There’s a general frenzy in the precious metals market. Silver and platinum have also hit record highs, with silver reaching $72.16 an ounce and platinum climbing to $2,333.80 per ounce.
