US EditionAsia Markets Edge up Amid Thinned Holiday Trade
Asian markets rose slightly in thin holiday trading as gold topped $4,500 an ounce and silver hit $75, driven by geopolitical tensions and U.S. stock record highs.
- On Friday, Asian regional stock markets edged higher amid holiday-thinned trade with some exchanges closed for Boxing Day, while silver reached $75 an ounce and gold hovered near its record high.
- With U.S. indexes closing at records this week, regional sentiment firmed as the S&P 500 Index hit a record Wednesday and most markets shuttered Thursday for Christmas.
- Market data showed strong U.S. closes and mixed Asian index moves as the Dow Jones Industrial Average rose 288.75 points to 48,731.16, the Nasdaq Composite advanced 0.22% to 23,613.31, and the Japanese yen fell about 0.3% to near 156.22 to the dollar.
- The 10-year U.S. Treasury yield was little changed at 4.14%, and the VIX index of S&P 500 expected volatility fell to its lowest this year, with analysts citing a 'Santa Claus rally'.
- Japan’s government approved a record 122 trillion yen budget, while copper surged to Shanghai record highs as investors priced in dollar weakness for 2026.
62 Articles
62 Articles
Gold smashes past $4,500 as silver explodes above $75 in year-end rally
Gold and silver hit historic milestones Friday, capping a blistering year-end rally driven by bets on Federal Reserve rate cuts, a sliding US dollar and intensifying global tensions that sent investors scrambling for hard assets.
The price of gold and silver continues to rise during the Christmas holiday. During the night before Boxing Day, prices for the commodities hit new records, Bloomberg reports.
Today, the price of gold and silver has once again touched record highs. Silver prices rose by ₹9,000 per kilogram in early trading.
Gold marked a new historic peak on Christmas Eve, overcoming the barrier of $4,500 an ounce. Yellow metal has been revalued by 70% in 2025 and thus closes its best year since 1979, when it acted as an active refuge in the midst of the inflationary boom by the oil crisis. Throughout this exercise, there have been around 50 new daily records. Continue reading...
The price of gold continues to break all records and, as a culmination of a historic year for precious metal, its contribution this morning has crossed the threshold of $4,500 an ounce. It has reached $4,997 in the historic record number 50 of an exercise in which all forces converge in its favor. Now is the growing military tension in the Caribbean Sea in the face of the US blockade on Venezuelan oil exports. But before it was the prospect of i…
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