2025 drew clear lines between assets that held attention and those that struggled to keep pace. Gold anchored the year, while other markets moved on very different tracks.

Industrial metals split between supply-tight winners and demand-heavy laggards, currencies slowly shifted away from the US dollar, and energy prices told different stories.

As the year closes, these moves leave a clear picture of where capital stayed active, and which themes are likely to carry forward into 2026. Read the report for more insights!