Gold & Silver Afternoon Update 12/23/2025 | The Bregar Minute
More strength for the precious metals as expected overnight, with Asian demand once again leading the way. Europe was hesitant to chase gold higher though, despite a pronounced decline for US yields and the USD…and this turned out to be the correct move in retrospect because yields and dollar are now shooting higher following the much stronger-than-expected Q3 US Advance GDP print. While I think the bond market is once again overreacting (because the bulk of the surge came from forced health insurance spending), it’s hard to argue with the intra-day technical damage done to gold & silver by their selloffs below the COMEX opening ranges. This now tilts the directional bias lower for the rest of today. Up next is the December Conference Board Consumer Confidence number at 10amET.
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