Gold has gone on a historic run, up more than 70% from this date last year. Gold prices have gone through the roof—all time high! They have now officially broken above $3,149 an ounce for the first time ever. Gold prices are on fire, just hitting their 21st all-time record high in only 70 days! This meteoric rise is evidence of a growing trend of increasing demand and confidence in the market.
That time frame of the first quarter of 2025 has long past. Gold, of course, has been one of the best performing assets this quarter, with an impressive 20% gain. In case you haven’t noticed, gold prices have shot up substantially since President Trump took office in January. This performance represents an outlier in the overall trend of the market. Analysts point to a number of factors fuelling this expansion. Biggest of all has been Trump’s America First economic agenda, which has made gold one of today’s market environment’s biggest winners.
Market analysts in the Société Générale and Goldman Sachs camps are some of the most optimistic for gold’s upside. Indeed, according to French financial services multinational Société Générale, gold could surpass $4,000 an ounce by the end of 2025. Meanwhile, Goldman Sachs’ analysts predict gold could reach over $4,500 an ounce in the next 12 months in dire market scenarios. These bullish figures mirror the mood on Wall Street, where experts expect further increases in gold prices over the course of 2025.
A cocktail of catalysts has driven this meteoric rise in gold prices. Optimism surrounding China’s stimulus measures and the Reserve Bank of Australia’s (RBA) prudent approach toward monetary policy have played significant roles in supporting gold’s upward trajectory. Further, the geopolitical jitters and inflationary pressures cemented the role of gold as a safe-haven asset, luring investors amid the growing fears.
Those percentage gains are staggering themselves, but gold’s recent performance has been remarkable from the perspective of historical context. The precious metal has posted its biggest quarterly performance in over 40 years, highlighting its appeal amidst fluctuating market conditions. Savvy investors are flocking to this precious metal. To them it is a safe haven investment to protect wealth as well as a hedge against national economic turbulence and malaise.
Gold prices continue setting records. Analysts are sounding the alarm, saying this trend isn’t set to reverse any time soon. They predict that the combination of healthy demand for physical gold and positive investor sentiment will continue to drive prices upward. The expectation of even higher prices to come further highlights a dramatic change in the market factors at play when it comes to precious metals.