(MENAFN) Precious metals posted standout gains in the first nine months of 2025, as economic uncertainty, global trade friction, and shifting U.S. monetary policy triggered a rush toward safe-haven assets, according to market data reviewed Friday.

Gold prices soared 47% since January, propelled by expectations that the Federal Reserve will continue cutting interest rates, coupled with aggressive central bank buying and mounting fears of a potential U.S. government shutdown.

Silver outpaced gold with a 61.4% rise between January and September, supported by its dual role as a defensive asset and key industrial metal. Demand surged particularly in the semiconductor and solar energy sectors, where silver remains essential.

Platinum led the sector with a staggering 74% gain, bolstered by global trade disputes and high-profile public friction between Tesla CEO Elon Musk and U.S. President Donald Trump earlier this year.

Palladium climbed 38%, driven by investor positioning ahead of anticipated new U.S. import duties targeting the metal.

The rally extended to base metals as well, though gains were more modest.

Copper jumped 21.1%, hitting a record $5.92 per pound after an accident at Indonesia's Grasberg mine—a key site responsible for more than 3% of global output—disrupted supply. A 50% U.S. tariff on copper imports announced midyear and persistent Chinese demand added further upward pressure.

Aluminum edged up 4.9%, lead rose 1.8%, while nickel and zinc slipped 0.6% and 1.2%, respectively.

Market volatility was shaped by a mix of soft economic indicators from China, unpredictable weather events, and shifting signals from U.S. monetary policymakers, analysts noted.

MENAFN11102025000045017169ID1110181370