Gold & Silver Afternoon Update 12/16/2025 | The Bregar Minute
A very frustrating rest of the day for the gold bulls; largely because of another hard-to-explain stock market selloff into mid-day. I blame the messed-up bond market (which still can’t rally substantially on negative labor market news), but this equity decline derailed EURUSD’s breakout extension above yesterday’s high following the weaker-than-expected US December flash PMI report, knocked gold back below its 55hr moving average, and what’s concerning now is how the market failed four times this afternoon to regain it despite a late S&P bounce. Therefore, this not a great NY closing setup for gold into tomorrow. Add to that the possibility for another pushback on Chinese yuan strength from the PBOC tonight, and even some rational consolidation for platinum after a tremendous 5-day +15% run, and I think we could be trading lower by tomorrow morning. The November UK CPI and US Retail Sales reports highlight tomorrow’s economic calendar. We’ll also be hearing from the Fed’s Waller and Williams ahead of the S&P cash open.
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