In 2025, the price of gold is on a record-breaking upward trend, rising 23% this year and reaching new all-time highs. In the past year, gold has increased by 50%. The price of gold has doubled in less than two years and six months, and it has increased by 100% in less than three years.
Gold is seen as a safe-haven asset in the face of economic uncertainty, including geopolitical concerns, trade disputes triggered by US President tariffs, a decrease in the value of the dollar, and a sell-off in US Treasuries. Gold has been purchased in bulk by central banks, and China has demonstrated that it is a major buyer of the metal, as seen by the 2.3% increase in its total reserves to US$3.5 trillion between January and March 2025
Even though there is more demand for gold, the price may stay high in the near future because gold is now more accessible in other currencies due to the decline in the USD. During FY26, the price of gold is expected to surpass USD 3,600/Oz on the world market as global economic expansion unfolds. The US-China trade war and the dispute between the US President and US Fed Chair will be the main factors influencing the future of gold.
