By Angus Berwick
Investors may hope for some gold and silver in their Christmas stockings.
Prices for both precious metals hit new intra-day highs early Monday. Gold and silver futures are on track to close at fresh records, bolstered by rising U.S.-Venezuela tensions, which also lifted oil futures.
The U.S. seized a second oil tanker near Venezuela on Saturday and was chasing a third as of Sunday. Gold has gained almost 70% this year, boosted by the Federal Reserve's interest-rate cuts.
Index futures rose modestly early Monday, with contracts tied to the Nasdaq-100 leading the pack, boosting hopes for a "Santa Claus" rally. Stocks rallied last week to near fresh records as technology shares continued their rebound from a volatile period. The Dow industrials are about 1% off their all-time high.
The dollar weakened gently early Monday, including against the U.K. pound and the yen. The 10-year Japanese bond yield hit another multiyear high, extending an upturn following the Bank of Japan's interest-rate hike last week. U.S. Treasury yields inched higher.
In recent trading:
--Bitcoin prices inched up toward $90,000.
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(END) Dow Jones Newswires
December 22, 2025 06:06 ET (11:06 GMT)
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