Markets slip on the last day of year – but 2025 saw strong returns for investors

Gold and silver remain on track for their best year since 1979

The Charging Bull statue on Wall Street in New York. Photo: Bloomberg

US stocks and bonds slipped on the last day of 2025, as did prices for gold and silver, bringing a subdued end to an otherwise buoyant year across asset classes that saw US equities post their third straight double-digit gain.

The S&P 500 extended a stretch of post-Christmas losses, paring the benchmark’s advance for 2025 to roughly 17pc.

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