Gold Rally Gains Momentum as Investment Demand Hits All-Time High

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Source: Barron's
Gold Rally Gains Momentum as Investment Demand Hits All-Time High
Photo: Barron's
TL;DR

Global gold demand reached a record in 2025 driven by geopolitical uncertainty and a surge in investment demand, sending gold futures above $5,500 an ounce and outpacing the S&P 500 as ETFs, bars, and coins collectively rose about 84% to 2,175 tons; analysts say the momentum from the “debasement” trade and ongoing risk environment could keep the rally alive into 2026.

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