Analisi

L'ottobre 2025 sarà ricordato nel mercato dei metalli preziosi come il mese in cui l'argento ha brevemente reclamato il centro della scena, sfondando la barriera psicologica di 50 dollari per onciay, per poi ritirarsi al di sotto di tale soglia nel giro di pochi giorni. Quella che sembrava una rivendicazione a lungo attesa per i tori dell'argento si è trasformata in una lezione su quanto fragile possa essere lo slancio in un mercato afflitto da deficit strutturali, strozzature dell'offerta e crescente incertezza geopolitica ed economica.

Sta accadendo qualcosa di straordinario nella finanza globale, ed è scritto nell'oro. Nel 2025, l'oro ha frantumato tutti i record storici, con un'impennata del prezzo spot che ha superato i 4.200 dollari per onciay e, secondo la "Société Générale", potenzialmente diretto a 5.000 entro la fine del 2026.

Nel 2025, la Cina sta silenziosamente ma decisamente ridisegnando il panorama aurifero mondiale. Con i prezzi dell'oro che hanno superato i 3.700 dollari l'oncia e le tensioni geopolitiche in aumento, la People's Bank of China (PBOC) sta attuando una serie di mosse strategiche volte a rafforzare la posizione del Paese come hub globale per il commercio dell'oro e come…

Fort Knox has long stood as a symbol of American financial strength and security. Officially, it houses 147.3 million ounces (approximately 8,133.46 metric tons) of gold, making it one of the largest gold reserves in the world. But recent calls for an audit of these reserves…

Gold has reclaimed its place as the ultimate safe-haven asset, with demand from both institutional and retail investors driving prices to unprecedented highs. The precious metal recently hit a new all-time record of 2,942 dollars per troy ounce in Asian trading, reflecting an 11.2% increase since the start of 2025.

Gold has firmly established itself as the best-performing asset of the “Trump trade” era, rising faster than equities, bonds, and even cryptocurrencies. Since Donald Trump’s inauguration, the precious metal has surged more than 7%, reaching a new record of 2,942 dollars per troy ounce not so far ago.

Over the past year, gold has experienced an exceptional rally, with prices surging nearly 30% since January 2024. As of early February 2025, the precious metal is trading at 2,873 dollars per ounce, surpassing its previous record from October, when it peaked at 2,788 dollars per ounce.

The global gold market is experiencing an extraordinary surge in demand, fueled by escalating geopolitical tensions, trade war fears, and central bank diversification strategies.

The global gold market experienced an unprecedented year in 2024, with demand reaching record highs across multiple sectors. Total gold demand, including over-the-counter (OTC) investments, increased by 1% year-over-year in the fourth quarter, bringing the annual total to an all-time high of 4,974 metric tons. This surge was fueled primarily by central banks and investors who continued to view gold as a strategic asset in an environment of economic uncertainty, geopolitical instability, and shifting monetary policies.

As 2025 unfolds, investors are navigating a landscape shaped by heightened geopolitical tensions, inflationary pressures, and shifting economic policies, particularly in the United States. Against this backdrop, gold and silver have reemerged as critical safe-haven assets, offering stability in uncertain times. While equities continue to deliver strong returns in certain markets, precious metals…