In 2025, gold shines brighter than ever, reaching record levels of over $3,000 per ounce. This spectacular rise is fueled by a combination of economic and geopolitical factors that are transforming the precious metal into a preferred refuge for investors.
🔑 Factors driving gold price growth:
Massive purchases by central banks: In 2024, central banks accounted for 21% of total gold demand, up from 11% in 2019. This trend reflects the desire to diversify reserves and protect against currency market volatility.
Geopolitical tensions and economic uncertainty: Conflicts in Ukraine and the Middle East, along with the unpredictable trade policies of the Trump administration, have amplified global uncertainty, prompting investors to seek safety in gold.
Reduction of interest rates: The decrease in interest rates by major central banks has diminished the real yields of bonds, making gold, which does not offer interest, more attractive to investors.
Increased demand from emerging economies: Countries like China and India are boosting their gold reserves to protect their economies from currency market volatility and geopolitical risks.
🧠 Questions for reflection:
Is this growth sustainable in the long term, or are we witnessing a speculative bubble?
How will financial markets react if monetary policies change suddenly?
Can gold remain a safe haven in an increasingly digital world?