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Since the beginning of the year, the precious metal has gained over 70% and is on track to record the best annual performance since 1979, confirming itself as a safe haven par excellence
Gold record at Christmas which reaches 4500 dollars an ounce. Since the beginning of the year, the precious metal has gained over 70% and is set to record the best annual performance since 1979, confirming itself as an excellent safe haven in a phase of high volatility and fears on the macroeconomic front.
But why does gold rise? Gold is traditionally considered a safe haven asset: investors rush to it when geopolitical tensions, war risks, trade tensions or global economic uncertainty rise. In 2025 these pressures have been particularly strong, contributing to strong buying of physical gold and instruments such as ETFs linked to the metal.
However, it is not just gold. Silver, platinum and copper also updated their records further. Silver surpassed the key threshold of $70 per ounce for the first time in history, with a rise of more than 2.7% which allowed it to reach an all-time high of $71.06. Since the beginning of the year, prices have increased by 145 percent. Platinum also rose by almost 8 percent, which pushed it to the record level of 2,252 dollars an ounce. And a historic record also for copper, with futures on the London Metal Exchange rising to around 12,049 dollars a ton. Gains exceed 35% year to date. One reason is the precautionary build-up of inventories in the United States, fueled by fears of future import tariffs.
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December 24, 2025
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