Alex Ebkerian, COO of Allegiance Gold, predicted that if gold prices close above $4,400 by the end of 2025, they could reach $4,859-$5,590 in 2026. He also suggested that silver may test $50 per ounce again next year.
Spot silver prices fell 0.3% to $63.75 per ounce, down from a record high of $64.65 on Friday. Platinum surged by 4% to $1,854.95, marking the highest level since September 2011, while palladium increased by 2.5% to $1,606.41, hitting a two-month high.
“Platinum metals are rising due to tight supply and growing demand,” Ebkerian said.
Morning update (December 17, 2025):
Bloomberg reported that gold prices rose by 0.1% to $4,306.05 at 7:23 AM Singapore time, still within $80 of the record high of $4,381.52 in October. Silver prices fell by 0.1% to $63.70, while platinum slipped slightly, and palladium increased. The Bloomberg Dollar Spot Index closed the previous session down by 0.1%.
Gold prices have stabilized as the weak US job data on Tuesday did not significantly affect expectations of further rate cuts. Gold remains near $4,305 per ounce, following a slight dip in the previous session, halting a five-day upward streak. The latest economic data shows a continued slowdown in the US labor market, but the Fed is perceived to be giving less weight to these numbers due to the effects of the government shutdown.