On December 24, 2025, Gold, silver, and platinum soared to new historic highs on Tuesday, December 23, demonstrating a strong collective upward trend. Experts predict that against the backdrop of a global debt explosion leading to currency devaluation, coupled with the continuous expansion of industrial demand, precious metals are experiencing a surge. Gold prices may even surpass $6,000 per ounce.
As of 1:51 p.m. EST on the 23rd of December, spot gold rose by 0.8% to $4,478.52 per ounce, previously hitting a record high of $4,497.55.
David Neuhauser, Chief Investment Officer of Livermore Partners, expressed optimism about the future of gold prices during an interview with CNBC’s “Access Middle East.” He pointed out that precious metals have long been undervalued and with the significant increase in global debt, investors are in urgent need of asset protection against currency devaluation.
Neuhauser directly forecasted that “there is still room for gold prices to rise, possibly reaching $6,000 per ounce.”
Analysis firm SP Angel emphasized in its report that the diversification of foreign exchange reserves by central banks worldwide is a long-term bullish factor, and gold prices are expected to approach $5,000 next year.
Peter Grant, Vice President and Senior Metals Strategist at Zaner Metals, told Reuters, “Ultimately, the reality is that the market has been in a supply-deficit situation for five consecutive years, with industrial demand continually increasing. In addition, factors such as hedging properties, expectations of a weaker dollar, and declining yields are all driving the uptrend.”
US gold futures for February delivery settled up by 0.8% at $4,505.70 per ounce.
In the silver and platinum group metals, market performance is equally impressive. Spot silver has surged by 145% this year, breaking through the $70 mark for the first time on Tuesday. Grant stated that “the next target for silver is $75, but profit-taking at the end of the year may trigger a price pullback.”
This week, due to the holiday impact, trading hours were shortened, and the US dollar exchange rate declined. For overseas buyers, the weaker US dollar makes metal priced in dollars more attractive.
Platinum reached a historic high of $2,262.74 per ounce. An analyst from Mitsubishi mentioned that the recent European Commission’s plan to abandon the ban on internal combustion engines by 2035 undoubtedly injected confidence, extending the demand lifespan for platinum group metals in the automotive industry.
In addition to industrial demand, geopolitical risks are also catalysts for the sharp rise in metal prices. US President Donald Trump announced last week the implementation of an oil tanker blockade against Venezuela and did not rule out the possibility of war. This uncertainty once again solidifies the position of gold as a “safe haven.”
Driven by geopolitical tensions, US interest rate cuts, strong central bank gold purchases, and robust investment demand, gold prices have surged by about 70% this year.