Gold's best year since 1979

• Gold price has surged more than 60% this year to all-time highs, passing $4,200 per ounce.
• Banks have issued bullish forecasts, with Goldman Sachs predicting gold could hit $4,900/oz by Dec 2026.
• 2025 has so far marked gold's best performance since 1979, when geopolitical shocks, double-digit inflation, and weak dollar pushed the metal.

Hedge against political & economic risk

• Central banks, particularly from emerging markets, are reducing their reliance on the US dollar. This reserve diversification increases demand for gold.
• Gold ETFs have seen big inflows, especially from Western investors. These are predicted to continue if Fed signals more rate cuts.
• Gold is a safe haven asset that historically performs well in times of market stress, inflation or currency weakness.
• Path forward depends heavily on central banks, dollar strength, and how capital markets respond to political risks.

Other metals also see a price boost

Gold isn't the only metal surging this year. Silver is up around 70% year-to-date, and platinum 85%.

Other alternative assets, like cryptocurrencies, have also been gaining. 

Lower rates drive investors to search for yield from alternative assets. Political uncertainty, such as the US government shutdown and trade tensions, increases the attraction.

Gold's Record-Breaking Year

Gold has surged to historic highs this year, driven by central bank buying, geopolitical tensions, and investor demand.