Peter Smith
⬤ Gold absolutely crushed it in 2025, surging more than 64% to deliver its best yearly performance since 1979. February 2026 COMEX futures recently hit $4,472 per ounce, capping off a relentless climb that started in early 2025 and hasn't let up. The chart tells the story: consistent upward momentum with gold pushing higher month after month, barely looking back.
⬤ What stands out is how steady this rally has been. XAU didn't just spike and crash—it built gains methodically throughout the year, pausing occasionally to consolidate before breaking into new territory. By year-end, the metal was sitting on a 64.37% gain, holding near its highs as 2026 kicked off. That kind of sustained strength shows real conviction from buyers across the board.
⬤ This isn't just another commodity rally. Gold's massive 2025 run puts it in rare historical company, matching the kind of performance we haven't seen in 45 years. With futures still trading above $4,400, the metal is clearly maintaining its appeal as a core holding for investors looking to hedge macro uncertainty. The trend remains firmly intact as we move deeper into 2026, keeping gold front and center in portfolio conversations worldwide.
Peter Smith
