Banks and traders race to capitalize on gold's historic rally.

FT ^ | 24 Dec 25 | Leslie Hook

[delta7]

Banks and traders are expanding their precious metals desks and logistics capabilities as they race to capitalise on gold's historic rally this year, which has suddenly made the sleepy world of bullion trading and vaulting one of the most profitable areas in finance.

The blistering rally in gold and silver prices in 2025 has had another burst of energy in recent days, powered by simmering geopolitical tension between the U.S. and Venezuela, as well as bets of US interest rate cuts. Both precious metals hit record-high prices Wednesday.

The price of gold hit $4,500 a troy ounce for the first time on Wednesday morning, and the silver price crossed the $70 an ounce milestone this week. This takes their gains for the year to 71% and 150% respectively.

Amid the rally, revenues from leading banks’ precious metals trading desks soared 50% during the first nine months of this year compared with the same period of 2024, according to data analytics company Crisil Coalition Greenwich.

"There is a big pot to be made this year, and everyone is being quite aggressive on it," said Callum Minns, research manager at Crisil. Precious metals were becoming "a bigger proportion of the overall markets business" for top banks, he added.

Precious metals trading revenues at 12 leading banks were about $1.4bn between January and September, putting 2025 on course to be the second-best year on record for gold trading, behind 2020, according to Crisil.

Even banks that had previously closed their precious metals desks are now dipping back into the sector -- with Societe Generale, Morgan Stanley, and Mitsui all expanding their precious teams this year, according to market participants. SocGen and Morgan Stanley declined to comment; Mitsui did not respond to a request for comment.....

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TOPICS:
KEYWORDS: bubble; gold

[delta7]

This historic Bull is just starting. Further rocket fuel will be added when interest rates are cut....historic times.

[C210N]

The end of fiat is nigh

[Savage Beast]

"The price of gold hit $4,500 a troy ounce"

YIPPEEEEEEE!

[Big Red Badger]

Cash and Ammo at LOWS.
Silver and Gold Rising
Ever Higher.
.
Cash to Ammo may be My move.

[CFW]

Silver traded as high as $72.70. Gold as high as $4525.00

[volare737]

As long as Trump keeps insisting on lower interest rates, the devaluation of the dollar will continue—and hard assets and precious metals will continue to boom.

[delta7]

The end of fiat is nigh

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CBDC’s ( sovereign digital currency) up next? The EU is already working to instate it....if they don’t collapse before it becomes law....but then a currency crisis ( expected) could forcefully get it up and running.

https://www.ecb.europa.eu/euro/digital_euro/progress/html/index.en.html

“Progress on the digital euro
The digital euro project is moving forward, backed by high-level political support and shared commitment across Member States.

Building on the preparation phase, which ran from November 2023 to October 2025, we are advancing our technical work and continuing to support the legislative process. If EU lawmakers adopt the regulation in the course of 2026, the digital euro could be issued during 2029.

We regularly document the progress of the project in comprehensive reports”

[delta7]

As long as Trump keeps insisting on lower interest rates, the devaluation of the dollar will continue—and hard assets and precious metals will continue to boom.

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Good to see a few understand what is unfolding....J six pack has absolutely no idea.

That said, PMs rise has been a great present.

Silver Price Performance USD

Change Amount %
Today +0.83 +1.16%
30 Days +19.60 +38.20%
6 Months +34.70 +95.84%
1 Year +41.28 +139.37%

Gold Price Performance USD

Change Amount %
Today -1.64 -0.04%
30 Days +335.53 +8.10%
6 Months +1,146.84 +34.43%
1 Year +1,861.51 +71.15%

The Bitcoiners have been quiet.

AI:
“Bitcoin’s price has recently dropped to around $86,000, reflecting a lack of investor confidence and weak trading volumes. This decline follows a significant decrease from its record high of about $126,000 in October 2025.”

[delta7]

Cash to Ammo may be My move.

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Better hurry, Copper and Lead have reached historic highs....and rising.

[I want the USA back]

Meaningless unless numbers adjusted for inflation.

[Big Red Badger]

223 a box of 20 for 9 bucks
At CAL Stores to Day...
What’s In Your Wallet !?!

[Fireone]

Those numbers are adjusted in its purest form. Gold & Silver are worth something, and dollars are worth close to nothing.
As a stacker since the 1960’s, it’s nice to see my diligence pay off.
There have been many highs and lows to get here. It’s been a great ride!

[kiryandil]

IBTG

IBTS

IBCF