As 2025 comes to a conclusion, commodities like gold and silver continued their optimistic run to new all-time highs, while global shares held near record highs on Wednesday, concluding a year of rapid increases fueled by artificial intelligence.
The elusive Santa Claus rally finally materialized on Wall Street overnight, with the S&P 500 setting a closing record. Risk sentiment rose after US data showed the economy grew at a significantly faster-than-expected pace in the third quarter, while bonds were negatively affected.
The UK blue-chip FTSE 100 dropped 0.2% in early trading, while Europe’s STOXX 600 index remained steady. Bourses in Germany and Milan are closed, while those in Amsterdam, Brussels, and Paris will hold half-day trading sessions.
As several markets prepare for a truncated trading day ahead of the year-end holidays, gold and silver have been among this week’s major performers. After reaching a fresh record high of $4525.86 earlier in the year, spot gold prices were last unchanged at $4,489.91 per ounce, bringing their gain to 72%. With a 1.2% increase to a record $72.27 per ounce, silver was poised for its largest annual gain ever, up about 150%.
Chris Zaccarelli, chief investment officer at Northlight Asset Management, called Tuesday’s report, which showed the US economy grew at its quickest rate in two years in the third quarter, “exceptional.
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