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LBMA Precious Metals Market Report: Q4 and Full Year 2025
From a purely numerical perspective, the fourth quarter of 2025 was characterised by the fact the gold price exceeded $4,000 for the first time ever and showed few signs of falling back. Indeed, once the $4,000 hurdle was cleared at the morning auction on Wednesday, 8 October, the price never dropped below $3,900 and held above $4,000 from Friday, 7 November through to year end, thus gaining over 10% in Q4. Impressive though these statistics are, they were dwarfed in the quarter – and actually through the year – by silver’s meteoric rise. In Q4 alone, the silver price gained 52.26% rising from $47.280 on ... (full story)