Historic gains for silver, gold as precious metals soar in a tumultuous year
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Precious metals are experiencing historic gains in 2025, with gold set for its best annual performance since 1979, and silver achieving a remarkable 140% increase. Gold prices slipped to $4,286.89 per ounce, while silver retreated to $71.02 per ounce. Platinum has surged over 110%, and palladium is up 66%, marking its best year in 15 years. Factors driving these gains include geopolitical tensions, central bank demand, and expectations of further monetary easing by the U.S. Federal Reserve. Analysts predict gold could test $5,000 by early 2026.
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