Gold prices rebounded on Tuesday, recovering a portion of the massive losses incurred in Monday's massive plunge. Safe-haven demand bolstered by renewed geopolitical tensions including the U.S.-Iran tensions, the conflict around Yemen etc., lifted gold prices. The dollar's flat moves also supported sentiment for the yellow metal.
Gold Futures for February settlement are currently trading at $4,401.90, gaining 1.34 percent from the previous close of $4,343.60. Prices had touched an all-time high of $4,584 in Friday's trade.
Amidst the day's rebound, prices represent a weekly decline of 2.3 percent, a monthly surge of 3 percent and a year-to-date price gain of more than 66.6 percent. The yellow metal has witnessed a price jump of more than 141 percent over the 3-year horizon.
Spot Gold is currently trading 1.52 percent higher on an overnight basis at $4,397.96 per troy ounce.
At current prices, both Gold Futures and Spot Gold have gained more than 66 percent over the past year.
Prices of other precious metals also staged a strong rebound. Silver futures for March settlement oscillated between $70.70 and $74.72 per troy ounce and are currently trading at $74.48 per troy ounce. The price represents an addition of 5.7 percent from the previous close of $70.46. Platinum futures for April settlement ranged between $2,080.80 and $2,238 per troy ounce in the day's trading and are currently trading at $2,202.15, implying overnight gains of 3.2 percent. The previous close was at $2,134.60.
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Market Analysis
December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.