Gold and silver prices fell at the start of the week as profit taking and easing geopolitical tensions weakened safe haven demand. Silver retreated after briefly topping $80 an ounce, while gold slipped from levels near record highs.
Spot gold fell 0.4% to $4,512.74 an ounce after hitting a record $4,549.71 on Friday. U.S. gold futures declined 0.4% to $4,536.40.
Spot silver dropped 1.3% to $78.12 an ounce, after earlier touching a record high of $83.62.
Analysts said constructive talks between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy, alongside profit taking, pressured precious metals. Despite the pullback, silver is up 181% year to date, while gold has gained 72% in 2025.
Markets continue to expect two U.S. interest rate cuts next year, which could support non yielding assets.
