The first quarter of 2025 painted a clear picture of global asset performance: safe-haven assets surged while riskier bets stumbled. Fears of an economic downturn fueled gains in government bonds and gold, with the latter soaring over 17%. Meanwhile, copper stole the spotlight, climbing nearly 25%, propelled by tariff uncertainties and inflationary pressures.
U.S. equities, however, faced a turbulent Q1, rattled by the unpredictability of Trump-era po...