Merryn Talks Money
What to Make of Gold’s Tremendous Rise
Feb 11, 2025
Jack Ryan, a Bloomberg News reporter with expertise in mining and precious metals, joins Charlie Morris, Chief Investment Officer at ByteTree, to discuss the recent surge in gold prices. They delve into the drivers behind gold's rise, including geopolitical instability and increasing central bank demand, particularly from China. The conversation also touches on gold's historical significance, investment strategies for ordinary investors, and comparisons with Bitcoin as an asset class. Strategies for navigating the complexities of gold investments are also explored.
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Quick takeaways
- Gold's surge to over $2,900 per ounce is primarily driven by geopolitical instability and increased central bank purchases amid currency fluctuations.
- China's recent policy allowing insurers to buy gold may significantly boost market demand, elevating gold prices further in the near term.
Deep dives
Surge in Gold Prices
Gold prices have recently surged to over $2,900 per ounce, driven by multiple factors including geopolitical instability and inflation concerns. Following the announcement of tariffs by President Trump on steel and aluminum imports, gold has been perceived as a solid hedge against economic uncertainty. Central bank buying has emerged as a significant influence, with a notable increase from an average of 500 tons per year to approximately 1,000 tons since the onset of the Ukraine crisis. This consistent demand from central banks highlights gold's role as a stable investment amid global market fluctuations.
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