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Gold price reaches new record: What are the reasons?

2025-12-23 21:49:54Biznes SHKRUAR NGA REDAKSIA VOX
Gold price reaches new record: What are the reasons?
Gold reaches record value amid geopolitical uncertainty, economic crisis, rising tariffs and wars

The price of gold on international markets has reached a new record. The precious metal traded at $4,420 on the stock exchange on Monday. This is not only due to the crisis and US customs policy.

It is the first record since the highest price ever recorded in October, when the rate reached just over $ 4,380 per ounce (31.1 grams): Gold reached the price of $ 4,420 on Monday. This means that the precious metal has recorded an annual plus of almost 70 percent just before the end of the year. It is one of the strongest deposit classes of the year and the biggest price increase since 1979. This increase is considered to be mainly related to geopolitical and economic uncertainties as well as wars and customs.

Many depositors in such times prefer so-called safe havens such as gold and silver. "Gold has had a great stability in purchasing power for centuries - regardless of political systems, or monetary and economic crises," explains York Tetzlaff, head of the branch of the Association of Precious Metals Professional Associations, based in Pforzheim.

Central banks are the main buyers of gold

The increase in the gold price has also been influenced by the development of real interest rates and the weakening of the dollar. The demand of reserve banks is also related to the increase in their gold reserves during this year. According to the European Central Bank (ECB), national central banks in 2024 covered over 20 percent of global demand for gold.

Customs the decisive factor

Central bank demand for gold, according to experts, will remain constant and safe against the backdrop of geopolitical uncertainty and trade policies such as tariffs. The World Gold Council notes in an outlook report that if economic growth slows or there is a sharp decline, moderate or large gains are possible.

"On the contrary, if a policy success pursued by the administration of US President Donald Trump were to accelerate economic growth by reducing geopolitical risks, this would lead to an increase in interest rates and a strengthening of the dollar, which would have an impact on the reduction of the price of gold."


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