GLOBAL equity markets had a good 2025 with most major benchmarks recording double-digit percentage gains. The metal complex, however, outperformed in 2025 and started the year with gold, silver, platinum and copper at record prices.
Gold rose some 77% year-on-year in 2025 and silver was up nearly 143%, the most in percentage since 1979, while non-ferrous industrial metals like copper rose 42% due to US tariffs, geopolitical risk and a weaker US dollar.
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