NEW YORK, December 30, 2025, 10:02 ET — Regular session
- Spot gold rebounded to about $4,380 an ounce in morning trade after Monday’s sharp selloff.
- Gold-linked ETFs and miners moved higher, with Newmont up about 0.6% and GLD up about 0.5%.
- Traders are watching the Fed’s December meeting minutes due later Tuesday for rate-cut signals.
Gold prices rebounded on Tuesday, steadying gold stocks after a sharp bout of year-end volatility in precious metals. Spot gold was at $4,379.88 an ounce at 9:52 a.m. ET, up about 0.9% on the day, JM Bullion data showed. JM Bullion
The bounce matters now because investors are repositioning into the final sessions of the year after gold’s run to record highs and an abrupt, profit-taking-driven drop. Gold has surged this year on expectations of easier monetary policy and persistent geopolitical risks, Reuters reported. Reuters
Attention is turning to the Federal Reserve’s December meeting minutes, due at 2 p.m. ET, for clues on the pace of rate cuts in 2026. Gold is considered a “non-yielding” asset, meaning it does not pay interest, so it tends to look more attractive when interest rates fall. Reuters
Earlier on Tuesday, spot gold was up 1.6% at $4,398.94 an ounce after Monday logged its biggest daily percentage loss in more than two months, retreating from Friday’s record high of $4,549.71, Reuters said. U.S. gold futures were last up 1.7% at $4,415.50. Reuters
“The selloff yesterday had the hallmarks of profit taking and repositioning ahead of the new year,” said Zain Vawda, an analyst at MarketPulse by OANDA. Reuters
In U.S. equities, Newmont, the world’s largest listed gold miner, rose about 0.6% to $100.37 in morning trade. Raymond James raised its price target on Newmont to $111 from $99 and kept an Outperform rating after updating forecasts for fourth-quarter gold prices, TipRanks reported. TipRanks
Peers also tracked bullion higher: Kinross Gold was up about 0.9%, while AngloGold Ashanti and Gold Fields rose about 1.8% and 2.3%, respectively. The VanEck Gold Miners ETF added about 0.9%.
Gold-backed funds rose alongside the metal. SPDR Gold Shares was up about 0.5% at $400.46 and iShares Gold Trust gained about 0.5% at $82.04.
Monday’s reversal underscored how quickly positioning can unwind into year-end. GLD closed at $398.60 on Dec. 29, down about 4.4% from its Dec. 26 close of $416.74, according to Yahoo Finance historical data. Yahoo Finance
Even so, recent fund flows point to continued investor demand. GLD pulled in about $2.6 billion in inflows last week and has gathered about $23.4 billion year-to-date, ETF.com reported. etf.com
Physical demand signals in Asia remain on investors’ radar. China’s net gold imports via Hong Kong more than doubled in November to 16.16 metric tons, Hong Kong government data showed, a closely watched gauge for the world’s biggest gold consumer. Reuters
Traders will parse the Fed minutes and the market’s rate-cut expectations for direction after the precious-metal whipsaw. Traders are currently pricing in two rate cuts next year, Reuters reported, with gold still up about 66% in 2025 and set for its strongest annual gain since 1979. Reuters
