"European markets have entered the final full week of 2025 on a largely tepid tone with many easing back ahead of a shortened week that looks likely to see lower volume and lower volatility. Coming off the back of a period that has seen a raft of big-ticket, market-moving events, traders are expecting things to calm down towards year-end. Today's notable release in Europe saw UK GDP confirmed at 0.1% for the third quarter. This lays the groundwork for tomorrow's US GDP release."
"Gold and silver prices have pushed into fresh record highs this morning as traders once again pile into the precious metal space amid ongoing concerns about debt and fiscal sustainability in the face of record high yields in Japan. Notably the combination of diversification from gold holders and perspective loosening of carbon emissions in the US and Europe have helped drive impressive gains from the likes of platinum and Palladium."
"Despite previous hopes that Trump could bring about a deal to end the war in Ukraine, the Kremlin have perhaps unsurprisingly stated that the recent changes from Ukraine and Europe to the peace proposals do very little to bring an agreement closer. Meanwhile, the reports of another seizure of a Venezuelan oil tanker in international waters further heightens fears of a conflict as the US military buildup in the seas around Venezuela continues."
European markets began the final full week of 2025 on a tepid tone, easing ahead of a shortened holiday week expected to bring lower volume and volatility. UK third-quarter GDP was 0.1%, setting up tomorrow's US GDP release. Gold and silver reached record highs as investors sought diversification amid debt and fiscal sustainability concerns and Japan's high yields; platinum and palladium also gained aided by diversification and looser carbon-emissions perspectives in the US and Europe. Oil rose on renewed geopolitical risks, including Kremlin doubts over Ukraine peace plans, a reported Venezuelan tanker seizure, US naval buildup near Venezuela, and reports Netanyahu may brief Trump on strikes on Iran.
Read at London Business News | Londonlovesbusiness.com
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