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    Gold Soars to Record $2,838, Up 40% in 12 Months

    Gold Soars to Record $2,838, Up 40% in 12 Months

    65 postsChinaCanadaEconomicsWorldBusiness

    Gold prices have surged to new all-time highs, surpassing $2,790 per ounce, as economic uncertainty and a weakening US dollar drive demand for the precious metal. On January 30, 2025, spot gold reached $2,790.19, exceeding the previous peak set in October. Gold futures advanced to $2,838.38 per ounce, and the Gold ETF GLD reached an all-time high. Gold has risen approximately 40% over the last 12 months and is up 56% since October 2023. In Canada, gold prices surged past CAD $4,000 per ounce to new record highs. The surge is attributed to factors such as increasing trade tensions, expectations of central banks cutting rates, and a surge in gold purchases, particularly in China ahead of the Chinese New Year.

    Proposed Market

    What will be the gold price range by June 30, 2025?

    What will be the gold price range by June 30, 2025?

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    Chinese New YearChinaCanadaGoldUS

    Description

    Spot gold price data from financial news outlets such as Bloomberg or Reuters

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