This Wednesday, gold was stable, but remains in on track to achieve its biggest annual increase in over four decades. Other precious metals fell sharply as investors took their profits after a strong record increase.

The spot gold price remained stable at $4,345.75 per ounce at 4:04am GMT after reaching a record of $4,549.71 on Friday.

American gold futures for deliveries in February lost 0.5% to $4,365.0/oz.

The gold price rose by 66% in 2025, registering its largest annual increase since 1979, when prices had been pulled upward by geopolitical factors, in particular the Iranian revolution.

The rise in the gold price was fuelled by interest rate cuts and expectations of a further easing of monetary policy by the American Federal Reserve, conflicts geopolitics, strong demand from central banks and the rise assets in exchange-traded funds.

Silver has increased by over 150% since the At the beginning of the year, vastly surpassing gold, and is about to experience its best year in history.

This metal has passed several important milestones in 2025, thanks to its designation as a critical ore in the United States, supply constraints, low stocks and demand industrial and growing investment.

The spot price of platinum fell by 6.1% to $2,065.80 per ounce after reaching an all-time high of $2,478.50 on Monday.

It has grown by more than 120% since the start of the year, which was its largest increase ever recorded.

Palladium fell by 7.1 % at 1,496.75 dollars per ounce, preparing to end the year up by 65%, its best performance in 15 years.