- Precious Metals Frenzy: Gold has breached the historic $4,500 threshold while silver tests $75 per ounce
- Mixed Macro Signals: Decisive cooling in Tokyo CPI (2.3%) and a sharp drop in Japanese industrial output (-2.6%)
- Holiday Liquidity: With major European hubs closed, global attention shifts to a reopening Wall Street
- Precious Metals Frenzy: Gold has breached the historic $4,500 threshold while silver tests $75 per ounce
- Mixed Macro Signals: Decisive cooling in Tokyo CPI (2.3%) and a sharp drop in Japanese industrial output (-2.6%)
- Holiday Liquidity: With major European hubs closed, global attention shifts to a reopening Wall Street
- Gold and silver maintain their robust year-end momentum. Gold has breached the $4,500 level, marking its strongest annual performance since 1979. Silver is testing all-time highs above $75 per ounce.
- Precious metals led gains across most asset classes on the first post-holiday trading session. Silver rose 3.7%, platinum surged 8.5%, and palladium gained 4.8%. Gold posted a more modest advance of 0.7%.
- The rally in metals persists despite a moderate strengthening of the US dollar. EURUSD eased on the morning of December 26 to trade at 1.1775, reflecting profit-taking following two days of sharp gains earlier in the week.
- USDJPY is also seeing an upward correction after recent declines, returning above the 156 level. The pair has reverted to levels seen approximately a year ago, despite falling below 140 in recent months.
- Tokyo CPI inflation cooled to 2.3% year-on-year, a sharper decline than the 2.5% market forecast and down from 2.8% recorded in November.
- The Japanese unemployment rate remains steady at 2.6%.
- In his latest remarks, Governor Ueda indicated that inflation is on track to stabilise at 2.0%, supported by labour market and broader economic conditions. Such an environment justifies the recent rate hike and signals further tightening ahead.
- Japanese industrial production for November fell by 2.6% month-on-month, missing expectations of a 2.0% decline and reversing the previous 1.5% growth.
- The JAP225 climbed 0.5%, testing local highs from December 10. Japan’s broad Topix index reached record highs.
- Chinese blue-chip futures (CH50cash) rose modestly by 0.23%, while Singapore’s SG20 posted more marginal gains.
- In its latest forecasts, Nomura anticipates two Federal Reserve rate cuts in 2026, alongside potential hikes in Korea, Australia, and New Zealand.
- Following record highs on the US500 reached just before Christmas, a slight correction is underway today. Both US100 and US500 futures eased by approximately 0.05%.
- Most equity markets remain closed today. Select Asian exchanges are open and Wall Street returns to trade. Commodity and currency markets are largely operating as normal.
Chart of the day - Silver (26.12.25)
US OPEN: Holiday season extinguish volatility despite political risks
BREAKING: US jobless claims below expectations!🚨
DE40: Regulatory and diplomatic escalations amid holidays
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
