Market News
Gold recovers after sell-off as investors look to further gains in 2026 - YAHOO FINANCE
Gold (GC=F)
Gold prices were mixed on Tuesday morning but rebounded from a sharp sell-off in the previous session, as thin year-end trading amplified price swings and investors looked ahead to supportive fundamentals that could drive precious metals to fresh highs in 2026.
Gold futures rose 0.8% to $4,377.40 an ounce, while spot prices retreated 2.8% to $4,358.64 at the time of writing. Bullion touched a record $4,549.71 on Friday before sliding to its lowest level since December 17 on Monday, marking its steepest daily percentage decline since October 21.
"The fact that we've had such a significant selloff from Monday open ... it just goes to show the significant volatility probably compounded by thinner trading conditions because of the holiday season," Kyle Rodda, senior analyst at Capital.com, said.
Gold has posted a strong performance in 2025, rising 66%, supported by expectations of interest rate cuts, bets on further US policy easing, ongoing geopolitical tensions, sustained central bank buying and growing holdings in exchange-traded funds.
"I'm expecting the longer-term rally to continue for both gold and silver, with price targets in the next six months at $5,010/oz for gold and $90.90 for silver," said Kelvin Wong, senior market analyst at OANDA.
