Gold and silver failed to maintain the all-time highs reached by both metals early this morning, when the price of an ounce of the yellow metal surpassed $4,500 and that of silver $72. At 02:23 today, the price of an ounce of gold reached $4,524, after approaching this level in the early hours of the previous day at $4,497.7. Thus, with a week left until the end of the year, gold has already appreciated by more than 70.89%. Minutes after gold hit its all-time high early this morning, silver followed suit at 02:50, surpassing the $72 mark, specifically reaching $72.70, after closing yesterday's market above $71. However, in line with gold, it has been losing strength, and although it is still up 0.66%, an ounce of silver is trading at $71.94. With a week left until the end of the year, the price of silver has appreciated by 149.33%. The rise of both metals to all-time highs, according to all analysts, is due to geopolitical tensions, the weakness of the dollar, and bets that the US Federal Reserve (Fed) will continue to cut interest rates next year. To this is added, according to iBroker analyst Antonio Castelo, that central banks around the world are buying 'enormous' amounts of gold. Castelo explained that when a commodity rises sharply, another investment component appears, which is the financial part. In 2025, many institutional investors, fund managers, ETFs, and even individuals have shown great interest in entering the gold market.
