Ammon News - Gold rose further on Tuesday to hit a one-week high, as dovish comments from Federal Reserve officials boosted interest rate-cut bets and Venezuela tensions bolstered safe-haven demand.

Spot gold was up 0.5% at $4,469.96 per ounce, as of 0534 GMT, after rising nearly 3% in the last session. Bullion hit a record high of $4,549.71 on December 26, and logged its best annual performance since 1979 last year with a jump of 64%.

U.S. gold futures for February delivery rose 0.7% to $4,481.30.

Investors currently expect at least two rate cuts this year, while they look to the nonfarm payroll report, due on Friday, for more monetary policy cues.

Spot silver gained 3.5% to $79.18 per ounce, after hitting an all-time high of $83.62 on December 29. Silver ended 2025 with annual gains of 147%, far outpacing gold, in what was its best year on record.

Spot platinum was up 2.8% at $2,334.25 per ounce, after rising to an all-time high of $2,478.50 last Monday. It rose more than 5% earlier in the session to a one-week high.

Wall Street stocks ended higher Monday with the Dow closing up about one-and-a-quarter percent,

Palladium traded 1.9% higher at $1,739.25 per ounce.

Reuters