Asian shares are mixed, while gold and silver hit record highs
[December 26, 2025] By
ELAINE KURTENBACH
BANGKOK (AP) — U.S. futures edged lower and Asian shares were mixed
Friday, with Tokyo’s Nikkei 225 leading gains.
The prices of gold and silver surged to records, extending their sharp
gains for the year as investors including central banks have stocked up
on the precious metals, which are viewed as safe havens in times of
uncertainty.
The price of gold gained 0.9% to 4,541.80 a troy ounce, while silver
jumped 4.5% to $74.90 per ounce, at one point exceeding $75 a ounce.
Earlier surges in gold prices partly reflected worries during the weeks
long U.S. government shutdown. Expectations that the U.S. Federal
Reserve will cut interest rates further in the new year, weakening the
dollar against other currencies, have also fueled buying of gold.
“Gold is doing what gold does when the world loses its anchor: it
becomes the anchor,” Stephen Innes of SPI Asset Management said in a
recent report. “For centuries, gold has been the one asset that doesn’t
blink. When politics goes sideways, when currencies fray, when inflation
eats the furniture, gold is the one piece of collateral the world still
treats as final.”
In share trading, Tokyo's Nikkei 225 advanced 0.7% to 50,750.39 after
the Cabinet approved a record defense budget plan exceeding 9 trillion
yen ($58 billion) for the coming fiscal year. Prime Minister Sanae
Takaichi's government aims to fortify Japan's strike-back capability and
coastal defenses with cruise missiles and unmanned arsenals at a time of
aggravated tensions with China.
Heavy industries and high-tech companies led the advance.
The dollar rose to 156.25 Japanese yen from 155.83 yen. The euro fell to
$1.1777 from $1.1785.
[to top of second column] |
Dealers talk near the screens showing the Korea Composite Stock
Price Index (KOSPI), left, and the foreign exchange rate between
U.S. dollar and South Korean won at a dealing room of Hana Bank in
Seoul, South Korea, Friday, Dec. 26, 2025. (AP Photo/Lee Jin-man)
 Markets in mainland China advanced,
with the Shanghai Composite index gaining 0.1% to 3,963.68.
South Korea's Kospi picked up 0.5% to 4,129.68, while Taiwan's Taiex
jumped 0.7%.
Shares fell in Thailand and India.
Elsewhere the region, markets in Hong Kong, Australia, New Zealand
and Indonesia were closed. Most European markets will remain closed
Friday, while Wall Street will reopen to a full day of trading after
the Christmas holidays. Volumes will likely remain light since most
investors have closed out their positions for the year.
In other dealings early Friday, U.S. crude oil gained 18 cents to
$58.53 a barrel and Brent crude added 15 cents to $61.95 a barrel.
Oil prices have fallen recently after spiking near $70 a barrel in
June.
The price of bitcoin rose 2.2% to $89,705.
All contents © copyright 2025 Associated Press. All rights reserved |
