Since ancient times, gold has been a symbol of wealth and stability. It was in ancient Lidia, a prosperous kingdom of Anatolia – today Turkey – where the first gold coins were coined to facilitate trade. Since then, precious metal has maintained its reputation as a safe asset capable of preserving value over time.
Although in Spain the most widespread investment remains housing, gold continues to be the reference asset in moments of uncertainty. It is no accident that, with the return of Donald Trump to the White House and the climbing of geopolitical tensions, the gold has reached historical maximums, exceeding $ 2,888 per ounce and quickly approaching the barrier of 3,000 dollars.
Factors behind the rise of gold
The current context is promoting the demand for precious metal. The growing commercial tensions, with the US announcing new tariffs to several countries, and the uncertainty about the war in Ukraine have led to a revaluation of 9.4 % of the gold in what we have been in 2025, after having closed 2024 with a Awesome 27 %increase, their best performance since 2010.
According to Bank of America, the price of gold could reach $ 3,000 within 12 to 18 months, mainly driven by the strong demand of central banks, especially China. Active Trade also highlights this factor as the main engine of gold growth in markets.
Daniel Marburger, director of Stonex Bullion GmbH, points out that “in times of economic uncertainty, investors increasingly resort to physical gold as coverage. The record volumes observed in the first month of the year confirm this trend. ”
Why gold remains the investment shelter
Unlike fiduciary currencies such as the dollar or the euro, gold is not devalued with inflation or depends on the emission of central banks. His scarcity and multiple applications – from jewelry to technology – make it a crisis resistant asset.
Other precious metals, such as silver, also have a strong industrial demand, but its volatility makes it more attractive to speculative investment. On the other hand, gold remains as a stable value and also has tax advantages in Spain: investment gold is exempt from VAT, which includes ingots, bars and currencies with a minimum purity of 99.5 %.
In an uncertain economic environment, gold remains the shelter par excellence, offering protection and stability to investors who seek to preserve their long -term assets.