Gold Hits $4,500, Silver Nears $70, Platinum Surges: Why Precious Metals Are Exploding as Stocks Hover Near Records
December 23, 2025 — In a holiday-shortened week when many traders expected quiet markets, precious metals delivered the opposite: gold pushed to fresh all-time highs near the $4,500 mark, silver flirted with $70, and platinum ripped to its strongest levels since the 2008 era. At the same time, U.S. equity futures were barely budging, with the S&P 500 sitting within striking distance of record territory as investors waited for delayed U.S. economic data that could reshape the 2026 rate-cut debate. Reuters+2Reuters+2 The result is a striking end-of-year snapshot of 2025’s market narrative: a weakening dollar, a growing belief that U.S.