Overview
- December Comex gold futures traded up about 1.0% to $4,432.6 per ounce after touching $4,435.15 intraday.
- Silver futures marked a record $69.51 intraday and last traded near $69.36 per ounce.
- The Federal Reserve delivered a third consecutive 25‑basis‑point cut in December, lowering the policy range to 3.5–3.75%.
- StoneX’s Matt Simpson noted typical December strength for precious metals and warned that shrinking volumes increase profit‑taking risk.
- Market participants are watching the Fed’s January 27–28 meeting for signals on the policy path.