Precious Metals Market Update: December 9, 2025
Gold Prices Dip Ahead of Federal Reserve Meeting
On December 9, 2025, gold prices experienced a slight decline as investors braced for the upcoming U.S. Federal Reserve policy meeting. Spot gold fell by 0.3% to $4,174.91 per ounce, while U.S. gold futures decreased by 0.4% to $4,202.70. Market participants are anticipating a quarter-point rate cut, with an 89% probability, but remain cautious about potential signals of a slower easing cycle from the Fed. Elevated Treasury yields have also added pressure to gold prices. Recent economic indicators present mixed signals, including stable inflation via the PCE Price Index and a sharp drop in private payrolls alongside low jobless claims. Source
Silver Prices Decline After Record Highs
Silver prices declined by 0.6% to $57.76 per ounce, following a recent surge to record highs driven by strong industrial demand and low inventories. Despite the pullback, silver has been outperforming gold as a high-beta asset. Source
Platinum and Palladium Prices Edge Lower
Platinum prices decreased by 0.2% to $1,638.35 per ounce, while palladium slipped by 0.4% to $1,459.78 per ounce. Both metals are facing downward pressure amid market uncertainties and shifting industrial demand. Source
Market Sentiment and Technical Indicators
Investor sentiment remains cautious ahead of the Federal Reserve's policy meeting. The anticipation of a rate cut has been largely priced into the market, but concerns about the Fed's future policy direction persist. Technical indicators suggest that gold may face resistance at the $4,200 level, while support is seen around $4,150. Silver's recent volatility indicates potential for further price swings, with key support at $57.50 and resistance near $58.50.
Multi-Currency Pricing
For our European readers, here are the current precious metal prices in various currencies:
| Metal | Price (USD) | Price (EUR) | Price (GBP) |
|---|---|---|---|
| Gold | $4,174.91 | €3,800.00 | £3,200.00 |
| Silver | $57.76 | €52.50 | £44.20 |
| Platinum | $1,638.35 | €1,490.00 | £1,260.00 |
| Palladium | $1,459.78 | €1,330.00 | £1,120.00 |
Note: Exchange rates are approximate and subject to change.
Conclusion
As the market awaits the Federal Reserve's policy decision, precious metals are experiencing slight declines. Investors should monitor upcoming economic data and central bank communications for further insights into potential market movements.
