Precious Metals Start 2026 on the Rise

Precious metals have begun the new year on a high note this Friday, with gold making a slight recovery from its two-week low reached in the previous session. Meanwhile, other metals have recovered some of the losses they incurred during the week. Despite this, metals posted unprecedented gains in 2025.

By 0019 GMT, spot gold rose 0.8 percent to $4,346.69 per ounce after hitting a record high of $4,549.71 on December 26. It had previously fallen to a two-week low on Wednesday. U.S. gold futures for February delivery climbed 0.5 percent to $4,360.60 per ounce.

The precious metal experienced a remarkable increase in 2025, concluding the year with annual gains of 64 percent, the biggest since 1979.

Silver rose 2.1 percent in spot transactions to $72.75 per ounce after reaching an all-time high of $83.62 on Monday. Silver ended the year with a 147 percent rise, significantly outperforming gold, marking 2025 as its best year ever.

Meanwhile, platinum increased in spot transactions by 0.2 percent to $2,057.74 per ounce after hitting a record high of $2,478.50 on Monday. It also recorded the largest annual gains, soaring by 127 percent. Palladium climbed 2.4 percent to reach $1,642.90 per ounce, finishing the past year up by 76 percent, its best performance in 15 years.