Gold has had a banner year in 2025, gaining more than 58% and outperforming the market by leaps and bounds. For context, the S&P 500 is up about 14%, while Bitcoin has lost around 6% (with Bitcoin-leveraged stocks performing far worse than the crypto itself). Among precious metals, silver has outshone gold with a 78% year-to-date (YTD) gain. Still, gold appears well-positioned to sustain its rally into 2026—fueled in part by President Donald Trump’s return to power and the market’s reaction to his policies. Precious metals enjoy strong runs during stretches of heightened volatility. That’s because volatility ... (full story)