Wall Street Dips, Gold & Silver Plunge Amid Geopolitical Tensions

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CNBC TV18•30-12-2025, 04:42
Wall Street Dips, Gold & Silver Plunge Amid Geopolitical Tensions
- •Dow Jones, S&P 500, Nasdaq fell on Dec 29, 2025, due to profit-taking, with tech stocks like Nvidia leading the decline.
- •Precious metals Gold, Silver, Platinum, and Palladium experienced sharp plunges after a historic rally; Silver saw its biggest drop since Sept 2020.
- •Russia claimed 91 drones attacked President Vladimir Putin's residence, a claim Ukraine denies, fearing it's a pretext for war.
- •Geopolitical tensions (Russia-Ukraine, Venezuela-US) and China's growth vow pushed oil prices higher, with West Texas above $58.
- •Federal Reserve meeting minutes are expected later, while the rest of the week lacks major directional triggers.
Why It Matters: Global markets see profit-taking and sharp commodity drops amid rising geopolitical tensions.
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