The price of gold is experiencing an unstoppable rise. This 2025, the precious metal has already become more expensive by almost 50% and for the first time has exceeded $3,900 per ounce, even reaching above $3,940. With this, the psychological barrier of $4,000 seems increasingly closer.
The latest catalyst for this escalation has been the partial shutdown of the US government, which has increased uncertainty by slowing the release of key economic data. This situation, together with the policies of the Trump administration, the expectation of rate cuts by the Fed and the weakness of the dollar, have reinforced gold as a safe haven asset.
The current rally is reminiscent of historical episodes such as the one experienced after the fall of the Bretton Woods agreements in the 1970s. In the last three years, gold has doubled its price and banks such as Goldman Sachs do not rule out it reaching $5,000 if distrust towards US sovereign debt increases.
Both central banks and large institutional and retail investors contribute to this drive. Even the jewelry sector and the strong appetite in countries like China are fueling the trend. At the same time, mining companies and ETFs linked to gold are recording returns that exceed those of the physical metal itself.
In a context of high inflation and geopolitical tensions, gold once again confirms its historical role as a safe haven and keeps the market expectant of new highs.