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Growth prospects for 2026 remain below average, but are robust overall. The stock markets are caught between AI-driven growth in the US, fiscal expansion in Europe, and structural growth in Asia, on the one hand, and ongoing trade conflicts and geopolitical risks, on the other.

Die Privatbankiers von Reichmuth & Co geben Einblick in ihre Prognosen und Anlagestrategien. Dabei zeigt sich eine Rückbesinnung auf Schweizer Bodenständigkeit.

Gold is shining brighter than ever in 2025: its price in US dollars has risen by around 60 percent since the beginning of the year, driven by strong central bank purchases, geopolitical uncertainty, and a certain loss of confidence in the US dollar. Investors are seeking stability and gold remains the store of value of choice.