The FTSE 100 index of shares has delivered an underwhelming efficiency up to now in 2025. The Footsie‘s endured important volatility because the US and its main commerce companions commerce blows with contemporary tariffs.

But regardless of the numerous menace to the worldwide financial system, the next two blue-chips have risen strongly in worth. And I count on them to hovering for the remainder of the 12 months.

Right here’s why I believe they’re worthy of consideration.

Fresnillo

Treasured metals miner Fresnillo‘s (LSE:FRES) been one of the biggest winners so far in 2025. Up 64% since 1 January, it’s been propelled by the surging gold price and, to a lesser extent, silver.

The latter has loved extra modest features, reflecting its position as each an industrial and funding steel. In contrast to gold, which has way more restricted industrial functions, it’s efficiency is extra carefully correlated with broader financial situations.

This may very well be a drag on Fresnillo later within the 12 months if recessionary dangers develop and silver costs probably recede. However on stability, the potential for extra substantial gold features imply I’m optimistic the FTSE 100 agency can maintain surging.

The yellow steel struck new file peaks simply above $3,500 per ounce in late April. With macroeconomic worries simmering, the geopolitical panorama changing into tenser, and the US greenback steadily weakening, situations may very well be good for brand new all-time highs.

Analysts at WisdomTree suppose bullion values (just lately at $3,390 per ounce) will common $3,610 by the primary quarter of 2026. Nonetheless, in addition they consider gold might common as excessive as $5,080 by then if the US pushes exhausting to devalue the buck.

As one in all Mexico’s main gold producers, Fresnillo is effectively positioned to capitalise on the present gold bull run. It produced 156,105 ounces of the shiny commodity within the first quarter. And what’s extra, the enterprise is managing to dig it up at a price that’s far beneath the market price (all-in sustaining prices (AISCs) have been $1,578.45 per ounce in 2024).

The Berkeley Group

Housebuilder The Berkeley Group (LSE:BKG) has additionally risen strongly because of spectacular resilience within the UK housing market. It’s up 9.7% since 1 January.

But it nonetheless provides nice worth, for my part. With a price-to-earnings (P/E) ratio of 11.9 occasions, it’s cheaper than every of the FTSE 100’s different housebuilding beasts. This might present it with further scope to rise in worth, and notably as market situations are stronger in Berkeley’s focused areas than the remainder of the UK.

In keeping with Rightmove, London has re-emerged because the most-searched-for location on its property listings portal. Nearly all of searchers on the web site (58%) who already dwell within the capital additionally stated they’re trying to keep there.

Like Fresnillo, I believe Berkeley shares might proceed flying, though robust financial situations persist within the UK. This might maintain a lid on the housing market’s restoration.

On stability, I’m anticipating the builder to report additional enchancment within the housing market when full-year financials come out subsequent month, supported by falling rates of interest and intense mortgage business competitors.