The gold price is racing from record high to record high. It's currently trading at nearly 3,500 USD per ounce, a 48% increase over the past year, and a 74% rise over the past two years. What are the reasons for this massive surge in value? Anyone asking this question will likely think first of U.S. President Donald J. Trump and his announcement on April 2, 2025, to impose import tariffs. But please note that the sharp rise in the price of gold began long before Trump’s election on November 5, 2024. In this podcast we try to outline the true reasons for the rise in the price of gold, and make a case why the rise in gold price is far from over. Recorded 23 April 2025.
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Thorsten Polleit