Gold Outperforms Currencies and Stock Indices in 2025
Gold continues to dominate, outperforming major world currencies and stock indices through 2025, with silver and platinum showing even stronger year-to-date gains.
The price of gold has consistently outperformed fiat currencies and major world stock indices since 1999, with this trend accelerating in 2025. However, silver, platinum, and palladium have surpassed gold's results year-to-date as of October 28.
- Precious metals: silver, platinum, and palladium have topped gold's year-to-date performance.
- World stock indices and currencies have underperformed compared to gold.
The price of gold in euros, for example, increased from 2,539.41 on December 31, 2024, to 3,401 on October 28, 2025.
A summary of the performance of various assets versus an ounce of gold from December 31, 2024, to October 28, 2025, is available.
Author's summary: Gold dominates currencies and stock indices in 2025.