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One kilogram and five hundred gram gold bars next to one kilogram silver bars at Vaults Group gold dealers arranged in Barcelona, Spain, Monday, April 28, 2025.
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Gold and silver prices lost ground on Wednesday as investors booked profits after a historic annual gathering and exchange operator CME Group increased margins on precious metals futures for the second time in the space of a week.
Spot gold Prices fell 0.1% to $4,339.89 an ounce as of 8:50 a.m. ET, extending losses heading into the new year. The yellow metal hit a one-week low in the previous session.
Spotted Silver prices, meanwhile, fell 5.6% to $72.15 an ounce, paring gains after climb above $80 for the first time at the start of the week.
These measures come at the end of a successful year for precious metals.
Gold is up more than 64% since the start of the year, on track to achieve its best annual performance since 1979 and its third consecutive positive year. The recovery was supported by a multitude of factors, including the impact of Lower interest rates in the United Statespricing tensions and strong demand from exchange-traded funds and central banks.
Silver far surpassed gold in 2025. The metal, which resisted wild price fluctuations in recent days, is on track to achieve annual gains of nearly 150%. As with gold, this would be silver’s best annual performance since 1979. The surge in silver prices has stem a combination of low supply and high demand from India, as well as industrial needs and tariffs.
CME Group, one of the largest commodities trading floors in the world, said On Tuesday, margins on gold, silver, platinum and palladium would increase again after close of business on Wednesday.
The decision was taken “as part of a normal review of market volatility to ensure adequate collateral coverage.”
This advice means traders will need to put more money into their bets to insure against the prospect of default when they take delivery of the contract.
CME Group raised margin requirements for precious metals earlier in the weekcausing a sharp decline in gold and silver futures on Monday.
— CNBC’s Gaelle Legrand contributed to this report.
