Gold and silver prices fell for the second day in a row this Wednesday, which abruptly stopped the dazzling revaluation of these precious metals since the beginning of the year.
(Read: Investing pension savings in Colombia would have left a tax loss of 10).
Used in jewelry, industry or as a reserve, gold has always been considered by investors a “active refuge”particularly sought after for preserving its intrinsic value to a large extent.
The yellow metal has risen more than 60% since the beginning of 2025, and has broken multiple records with the prospect of even reaching $5,000 per ounce.
(See: Former presidents of Ecopetrol ask that participation in the Permian (USA) not be sold).
The rally has been based on factors such as the weakness of the dollar, expectations of interest rate cuts, falling bond yields and central bank purchases. Lingering concerns about the global outlook have also reinforced its safe investment status.
However, purchases plummeted on Tuesday, when they were close to a drop of up to 6%, and continued to decline in Asia, affected by profit-taking and hopes of a greater detente in the trade war between China and the United States.
At one point, on Wednesday it reached a low of $4,000 per ounce, after registering an all-time high of $4,381.51 on Monday.
(Besides: Gold and its historical prices in 2025: this is the way to start investing).
Silver, which had benefited from the rally, also plummeted. The setback affected gold miners and producers.
Northern Star Resources, in Sydney, fell more than 8%; Perseus Mining lost more than 6%; o Zijin Gold International, listed in Hong Kong, lost more than 4%.
“Gold’s glorious rise finally met with gravity. After months of one-sided conviction and relentless inflows, the metal suffered a 6% drop”said Stephen Innes of SPI Asset Management.
“Gold’s volatility has now surpassed that of stocks, echoing the frenetic pace that has come since the pandemic” of covid-19, he added.
AFP
