For investors, 2025 was dominated by President Donald Trump’s sweeping trade tariffs, which triggered global market turmoil early in the year and kept traders guessing for much of the rest of it.
But it has also been a very profitable year, as long as investors have been in the right areas of the market. Huge rises in gold and silver, a record-breaking rally in artificial intelligence stocks and the dollar’s sharp drop against other major currencies have all provided long-lasting trends to jump on.
Here, Financial Times reporters round up 2025’s biggest market stories.
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