"Commodity" Gold prices are expected to weaken by the end of the year, with an annual increase of over 60%

Affected by the U.S. interest rate cuts, tariff tensions, and strong demand for gold from exchange-traded funds and central banks around the world, gold prices have surged over 60% this year, rising from the beginning of the year’s level of $2,600 to a high of $4,373 on Wednesday.

After investors took profits, gold prices fell again on Wednesday following a rebound on Tuesday. Spot gold fell by $20 or 0.5% to $4,319 per ounce on Wednesday. February futures gold prices dropped by $45.2 or 1% to $4,341.1 per ounce.

March futures silver prices fell by 9.4% to $70.603 per ounce.

March futures copper prices fell by 1.7% to $5.682 per pound.

April futures platinum prices fell by 9.4% to $2,044.2 per ounce.

March futures palladium prices fell by 4.4% to $1,651.4 per ounce