Gold can be an effective hedge against other risks, including global uncertainty and volatility The main factor behind the recent surge in the price of gold is the increase in global economic uncertainty. The price of gold (GC00) has jumped more than 40% since the end of 2023, topping $3,000 per ounce in March 2025 and now approaching $3,200. This leap cannot be explained by a sudden increase in the demand for gold as jewelry or for its use in industrial production. Rather, it reflects the shifting demand for the yellow metal as a financial asset. Historically, gold has been held by private investors who see gold as ... (full story)