Gold soars to record high amid geopolitical and economic shifts
The price of gold surged to an unprecedented peak above $4,400 per ounce on Monday, capping a dramatic year where it has risen over 68% the largest annual gain since 1979.
Analysts attribute the rally to a confluence of factors: expectations of U.S. interest rate cuts in 2026, persistent geopolitical tensions, and trade policies under President Trump. These elements have driven investors toward traditional safe-haven assets.
“The precious metals market says President Trump has really triggered something—and gold has gone crazy this year,” said Adrian Ash of BullionVault, citing trade wars and attacks on the Federal Reserve.
Furthermore, central banks worldwide are accelerating gold purchases to diversify reserves and reduce dollar dependency, a trend Goldman Sachs predicts will continue.
While gold shines, other metals have also skyrocketed. Silver hit a record $69.44 an ounce, up 138% this year, and platinum reached a 17-year high, supported by industrial demand and supply constraints.
In contrast, oil prices saw a limited uptick Monday but remain poised to end 2025 lower than they started.
