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Gold and Silver Rise to Records on Rate-Cut Bets, Global Risks

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December 23, 2025

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Gold and silver rallied to fresh all-time highs on escalating geopolitical tensions and prospects for more US rate cuts.

Gold prices are up more than two-thirds this year and are on track for its best annual performance since 1979, underpinned by elevated central-bank purchases and inflows into exchange-traded funds. Merk Investments President & CIO Axel Merk joined Caroline Hyde and Romaine Bostick on 'Bloomberg Businessweek Daily' to break it down.

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Merk Investments PresidentCIO Axel MerkCaroline HydeRomaine BostickBusinessweek Daily'Watch Bloomberg Radio LIVEYouTube WeekdaysET WATCH HERE Follow

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Gold and Silver Rise to Records on Rate-Cut Bets, Global Risks · Bloomberg Television · Sentinel