New Pacific Metals plunges 8.05% as profit-taking hits precious metals after record highs

New Pacific Metals plunged 8.0519% in pre-market trading on December 30, 2025, signaling a sharp reversal amid broader market volatility. The decline came as precious metals faced profit-taking pressures following record highs earlier in the week.

The selloff in gold and silver, which had surged to multi-year peaks on expectations of further U.S. rate cuts and geopolitical tensions, contributed to the downturn. Investors unwound positions after extended gains, pushing gold below $4,360 and silver past $74.50. Analysts noted the pullback as a technical correction rather than a structural shift, with markets recalibrating after months of aggressive buying.

Global equities remained subdued ahead of the year-end holiday, with Asian markets showing mixed performances. While central bank stimulus and AI-driven tech momentum had fueled year-long rallies, concerns over overbought conditions and waning returns on speculative bets weighed on risk appetite. The Federal Reserve’s upcoming policy minutes added uncertainty, with traders assessing the likelihood of additional rate cuts in early 2026.

Energy markets provided limited relief, with oil prices stabilizing after a brief rebound on shifting geopolitical expectations. However, the lack of clear catalysts left investors cautious, amplifying pressure on cyclical sectors like metals. New Pacific Metals’ sharp pre-market drop reflects heightened sensitivity to macroeconomic signals and sector-specific profit-taking in a thin holiday trading environment.