
Metals Market Update for December 24, 2025
The precious metals complex kicked off the holiday-shortened trading week with a flat performance, as gold (XAU) and silver (XAG) prices hovered around their opening levels.
| Metal | Price (USD) | Change | % Change | Day High | Day Low |
|---|---|---|---|---|---|
| Gold (XAU) | 4478.80 | 0.00 | 0.00% | 4523.59 | 4434.01 |
| Silver (XAG) | 571.85 | 0.00 | 0.00% | 577.57 | 566.13 |
Gold (XAU) Technical + Macro Analysis
Gold prices have been stuck in a narrow range, struggling to break above the psychological $4500 level. From a technical standpoint, we observe that gold's Relative Strength Index (RSI) remains neutral, while its Moving Average Convergence Divergence (MACD) is flat and trending sideways.
From a macroeconomic perspective, inflation expectations have stabilized, reducing pressure on gold as a hedge against rising prices. The US Federal Reserve's decision to pause rate hikes has also contributed to the metal's muted performance. However, the ongoing tensions between major global powers and the growing risk of global economic downturns continue to support gold's safe-haven appeal.
Short-term Trading Bias: Hold
Gold prices are expected to consolidate in a tight range until fresh catalysts emerge. Given the current technical and macro drivers, we remain cautious and advise holding off on taking a position.
Key Support: $4434.01
Key Resistance: $4523.59
Silver (XAG) Technical + Macro Analysis
Similar to gold, silver prices have remained flat, with no significant price movements observed in the past 24 hours. From a technical standpoint, silver's RSI has turned bearish, while its MACD remains negative.
From a macroeconomic perspective, the ongoing weakness in global economic indicators and the growing risk of recession are likely supporting silver's safe-haven appeal. Additionally, the decline in industrial production and manufacturing activity could lead to increased demand for silver as a key component in various industrial applications.
Short-term Trading Bias: Buy
Silver prices are expected to rebound on the back of its strong fundamentals and the ongoing global economic downturn. We advise taking a contrarian view and buying into the dip, with a focus on exploiting any potential upside.
Key Support: $566.13
Key Resistance: $577.57
Actionable Insights + Risk Management Reminders
- Investors should remain cautious in the short term, given the lack of fresh catalysts and the ongoing market volatility.
- Risk management is crucial; maintain adequate stop-loss levels to limit potential losses.
- Consider diversifying your portfolio by allocating a portion of your assets to other precious metals or commodities.
- Keep an eye on central bank actions, inflation expectations, and global economic indicators for any changes in the metals' performance.
In conclusion, while gold and silver prices have remained flat, we believe that fresh drivers will emerge to propel these markets forward. By understanding the technical and macroeconomic drivers, investors can position themselves for potential gains and mitigate risks in this volatile market environment.
By Malik Abualzait
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