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. 1
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. 2
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. 2
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. 2
“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. 2
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. 3
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. 4
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. 5
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. 6
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. 2
