Key Takeaways
- Spot platinum experienced a sharp decline, falling over 7% to trade at $2,262.60 per ounce.
- Spot gold also moved lower, dropping nearly 1% to settle at $4,471.32 per ounce.
- The significant losses in both platinum and gold signal a challenging trading session for precious metals.
Precious metals faced considerable selling pressure on Monday, December 29, 2025, with spot platinum leading the downturn. The industrial and investment metal saw its price plummet by more than 7%, trading at $2,262.60 per ounce. This substantial loss marks a significant extension of declines for platinum.
Meanwhile, spot gold, often considered a safe-haven asset, also registered a notable decrease. The yellow metal fell by nearly 1%, with its price recorded at $4,471.32 per ounce. The simultaneous dip in both major precious metals suggests a broader shift in market sentiment or profit-taking activities.
The movements in gold and platinum prices come amidst broader market dynamics, as investors assess various economic indicators and geopolitical developments. The sharp drop in platinum could reflect concerns over industrial demand, while gold's more moderate decline might indicate a tempering of safe-haven flows. Both commodities, however, ended the trading session significantly lower, underscoring a bearish trend for the day in the precious metals sector.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.