Apr 2, 2025
Gold Was the Top Performing Asset in Q1 📈
Key Takeaways
- With 19% returns in Q1 2025, gold soared to record highs amid global trade uncertainty and its role as an inflation hedge.
- European equities also had a strong quarter, with the STOXX Europe 600 outperforming the S&P 500 by 9.8 percentage points, fueled by defense stocks.
- Amid concerns of weaker economic growth and rising inflation, U.S. equities had their worst quarter since 2022, with the S&P 500 falling by -4.6%.
Gold Sees 19% Returns, European Equities Up 5.2%
In late March, gold reached all-time highs of over $3,100 amid ongoing trade tensions.
Also driving returns are gold ETF inflows and central bank purchases.
Meanwhile, European stocks had their best quarter relative to the S&P 500 since 2015 as countries plan to boost defense spending, which could spur economic growth across the region.