Gold recovers from recent pullback

December 30, 2025 (MLN):  Gold prices made a strong comeback on Tuesday, reversed a 14 day slump caused by year-end profit-taking that pulled precious metals lower from their recent highs.

However, spot gold was down 3.79% at $4,360.71 an ounce as of [11:49 am] PST, from record high of over 4,500, according to data reported by Mettis Global.

U.S. gold futures for February delivery rose 0.8% to $4,377.80 per ounce.

“The recent surge in gold had become stretched, leaving leveraged long positions vulnerable to a pullback,” said Kelvin Wong, senior market analyst at OANDA, according to CNBC.

Both gold and silver saw their relative strength indices (RSI) fall from overbought territory earlier this week, which signaled a cooling in momentum.

Bullion has enjoyed a remarkable 2025, climbing 66% year-to-date.

Silver also rebounded, rising 3% to $74.41 per ounce after hitting an all-time high of $83.62 in the previous session.

Despite Monday’s steep decline the largest daily drop since August 2020 silver remains up driven by its classification as a critical U.S. mineral, supply shortages, and growing industrial and investment demand.

Other precious metals followed a similar trend. Spot platinum gained 1.1% to $2,132.86 per ounce after recording its biggest single-day drop on Monday, while palladium rose 1.1% to $1,634.29 per ounce following a 16% decline in the previous session.

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