Gold hit three dozen record highs in 2025 and exceeded $3700 per ounce for the first time in history. The precious metal surpassed its inflation-adjusted record set in 1980 and has risen by more than 40% since the beginning of January. This has rarely happened, even during times of global economic crisis and pandemic. Only in 1979, against the backdrop of turmoil in the energy markets and stagflation in the US, was the increase greater than +140%. Central banks continue to buy bullion as part of the process of de-dollarisation and diversification of gold and foreign exchange reserves. ETF stocks have grown by 43% ... (full story)