Gold and silver jumped to all-time highs, with escalating geopolitical tensions and US dollar weakness helping to extend a historic rally for precious metals. Frictions in Venezuela, where the US has blockaded oil tankers and ramped up pressure on the government of Nicolás Maduro, have added to the precious metal’s haven appeal. The Bloomberg Dollar Spot Index, a gauge of the US currency’s strength, was down 0.8% for the week, its biggest drop since June. A weaker dollar is generally supportive of gold and silver prices. Lower borrowing costs are a tailwind for precious metals, which don’t pay interest, and traders are betting on more rate cuts in 2026.

Source: The Star December 26, 2025 15:06 UTC