Gold and Silver Stocks Drop as Precious Metals Retreat

Tiger Newspress2025-12-29

Gold and silver stocks drop in premarket trading as precious metals retreat.

Hecla Mining and Coeur Mining fell 4%; Anglogold Ashanti fell 3%; Newmont, Harmony Gold, Kinross, and Barrick Mining fell 2%; Gold Fields fell 1%.

First Majestic Silver fell 4%; Pan American Silver and Endeavour Silver fell 3%; Hycroft Mining fell 2%.

Precious metals pulled back on Monday, with silver trading near the $80 per ounce mark after hitting a record high earlier in the day and gold easing from near record highs, on profit-booking and geopolitical tailwinds cooling safe-haven demand.

Spot gold was down 0.4% at $4,512.30 per ounce, as of 0426 GMT, after hitting a record high of $4,549.71 on Friday. U.S. gold futures for February delivery lost 0.4% to $4,535.10 per ounce.

Spot silver was up 0.7% at $79.68 per ounce, after retreating from an all-time high of $83.62 hit earlier in the session.

U.S. President Donald Trump said on Sunday that he and Ukrainian President Volodymyr Zelenskiy were "getting a lot closer, maybe very close" to an agreement to end the war in Ukraine.

Silver has gained 181% year-to-date, outshining gold, propelled by its designation as a critical U.S. mineral, supply constraints and low inventories amid rising industrial and investment demand.

Bullion has also staged a stellar rally in 2025, climbing 72% so far and shattering multiple record highs.

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