There is no denying that the current macroeconomic backdrop is fuelling a “perfect storm” for Gold positioning the precious metal firmly on track for its biggest first quarter of the year ever.
Having set 39 new record highs throughout 2024 – matching the peak of the Global Financial Crisis in 2011 – the price of Gold in US Dollars has continued to build on last year’s stellar performance – clocking up nine back-to-back weekly advances to score 14 new record highs, so far in 2025.
Analysts at GSC Commodity Intelligence are convinced that if Gold can maintain this blistering momentum, then the world’s favourite precious metal could be on track to eclipse last year’s tally of record highs – a lot sooner than anyone expects!
On Monday, Gold prices set a new all-time record high of $2,956 an ounce – extending its record to 14 new all-time highs, so far this year.
The yellow metal is now up over 12% since the beginning of this year. But even more remarkably, Gold prices have now chalked up a whopping gain of almost 44.8% since January 2024 when the metal was trading at $2,065 an ounce mark.
After notching up its fourteenth record high of 2025, Gold prices have pulled back on routine profit-taking as traders square up windfall profits – ready to capitalize on the precious metals next big move.
Is the rally over and has all the money been made?
Not by a long shot!
According to analysts at GSC Commodity Intelligence – once you take a look at the bigger macro picture, conclusive evidence shows that the stars appear to be aligning for Gold.
The precious metal being firmly supported by “a multitude of bullish tailwinds” including President Trump’s tariff’s, which threatens to ignite a new era of trade wars and global uncertainty. On Wednesday, Trump hot-listed Europe as his next target – announcing plans to impose 25% tariffs on imports from the European Union.
As President Trump’s erratic foreign policies stir up a new wave of inflationary pressures – concerns of stagflation have re-emerged as a real possibility on rising expectations that Trump’s “America-first” policies will hurt the global economy and limit central bankers’ ability to manoeuvre.
Another major catalyst is Central Banks around the world continuing to accumulate Gold at a record-setting pace as they aggressively diversify away from the US dollar.
And it’s not just Central Banks. Right now, the world is experiencing a run on physical Gold like nothing we have ever seen before.
Interestingly, the U.S is leading the pack and gobbling up vast quantities of available Gold internationally, which could ultimately lead to a shortage and drive up prices.
Since President Trump’s inauguration, traders and financial institutions have been amassing stockpiles of Gold on COMEX – The New York Commodity Exchange. In return, America’s “New Gold Rush” has drained commercial vaults in London, Switzerland and Singapore.
And last but definitely not least – the De-globalization Movement, which is officially entered a new phase on expectations of incoming Trade Wars, Tit-For-Tat Tariffs and Protectionist Policies – forcing countries across the world to prioritize their national interest over the global good.
To quote analysts at GSC Commodity Intelligence – “this is perhaps one of the most inflationary factors of all that is guaranteed to keep Gold demand elevated and drive prices a lot higher from current levels”.
Whichever way you look at it, one thing is clear. The case for precious metals in a well-diversified portfolio has never been more obvious than it is right now. Any substantial pullbacks should be viewed as buying opportunities because prices won’t stay low for long!
Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions: