BlockBeats News, December 27th. Last week, despite the Christmas holiday in the peripheral market, the prices of gold, silver, and platinum all soared to historic highs, continuing the precious metals' historic year-end rally. Driven by risk aversion and rate cut expectations, spot gold hit successive all-time highs, with the highest point on Friday approaching $4550 per ounce, marking a year-to-date increase of over 70%. Silver showed even more aggressive behavior, breaking through key levels and hitting record highs. On Friday, it surged above the $79 per ounce level, posting a single-day gain of over 10%.
Wednesday 03:00, the Federal Reserve released the minutes of the monetary policy meeting;
Wednesday 21:30, US initial jobless claims up to December 27th;
Friday 22:45, US December final S&P Global Manufacturing PMI.
Investors are looking forward to the U.S. stock market ending 2025 on a strong note next week, closing out another robust year. Major U.S. stock indices are set to close higher in December, having overcome earlier month volatility driven by weakness in the tech sector, attributed to concerns over spending in the artificial intelligence space.
