📊 UPDATE: Gold is having its best year since 1979
Gold is up about 71% in 2025, on track for its strongest year since the Jimmy Carter era. Prices started the year near $2,640 and recently pushed above $4,500, driven by geopolitics, tariffs, and ongoing global uncertainty.
Central banks are a big part of the story. They’ve been buying more than 1,000 tons of gold per year for three straight years, led by China, as countries reduce reliance on the dollar and US Treasuries.
With rate cuts expected in 2026 and analysts already talking about $5,000 gold, the move looks less like a trade and more like a structural shift toward hard assets.
Worth watching how this keeps pulling capital away from risk assets.