Gold and silver are rallying alongside tech stocks in a split market psychology as 2025 comes to a close. Gold prices have risen 70% this year, with silver up 130%, driven by geopolitical risk and expectations of Federal Reserve policy easing in 2026.

Central banks are adding to gold reserves as inflows to precious-metal ETFs remain high, contributing to rising asset prices. Investors are attracted to the “debasement trade,” rotating out of fiat currencies. Meanwhile, the Nasdaq Composite has risen 21% year to date, driven by AI plays.

After a softer start to December, tech stocks rebounded, buoyed by positive sentiment regarding AI economics. The last time gold and growth stocks moved closely in tandem was during the pandemic-era liquidity surge of 2020 and early 2021. Over the last five years, the Nasdaq is up over 80%, while gold has gained over 130%.

Read more at Yahoo Finance: Why gold and tech stocks are rallying at the same time