Precious Metals Retreat Amid Profit Taking and Ukraine Peace Talks
Gold and silver prices fell on December 29 as traders took profits following record highs. Peace talks between Trump and Zelenskiy reduced safe-haven demand.
洞察:
On December 29, precious metals experienced a notable retreat as traders engaged in profit-taking following recent record highs, compounded by reported progress in peace negotiations between Donald Trump donald trumpand Volodymyr Zelenskiy volodymyr zelenskiyregarding the ongoing conflict in Ukraine 
UA. This development has temporarily cooled the safe-haven demand for these assets.
UA. This development has temporarily cooled the safe-haven demand for these assets.Spot gold declined by 0.4%, settling at $4,512.30 per ounce as of 0426 GMT, after reaching a record high of $4,549.71 earlier. Meanwhile, spot silver retreated from an all-time high of $83.62 to $79.68 per ounce. Despite these pullbacks, both metals have shown impressive year-to-date gains, with gold up 72% and silver surging 181% in 2025.
