Market Report

Learn more about all important trends in the precious metals markets in our market reports on a regular basis.

Heraeus Precious Appraisal

Metals Rally on Rate-Cut Hopes

No. 44 | 01st December 2025

Precious metals surged last week as shifting monetary policy expectations and supply dynamics fueled investor demand. Gold broke above $4,200/oz amid growing odds of a U.S. Fed rate cut, while silver rallied over 12% on record-low inventories and strong ETF inflows. Platinum and palladium also advanced sharply, supported by seasonal production trends and robust automotive demand. Market volatility and tightening physical supply continue to shape price action across the sector.

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