Gold, silver rebound on Tuesday

Gold and silver rebounded on Tuesday following sharp selloffs in the previous session, as thin year-end trading amplified volatility and traders anticipated continued gains in 2026.

Spot gold rose 0.7 per cent to $4,361.71 per ounce, after falling to its lowest since December 17, while US gold futures for February delivery gained 0.8 per cent to $4,377.20. Silver climbed 3.1 per cent to $74.49 per ounce after its record $83.62 peak, with both metals recovering from their biggest daily losses in years.

Bullion has surged in 2025, with gold up 66 per cent and silver up 158 per cent year-to-date, driven by anticipated US interest rate cuts, geopolitical tensions, central bank demand, and rising ETF holdings.

Platinum rose 1.8 per cent to $2,146.81 after a record drop, while palladium fell 0.7 per cent to $1,605.72. Analysts expect the metals’ rallies to continue, targeting $5,010 per ounce for gold and $90.90 for silver within six months.

Attribution: Reuters