Call it a golden era for gold.
After a historic 60% runup in 2025, the shiny stuff is hitting new highs this year, with prices currently exceeding $4,900 an ounce.
What’s good for gold isn’t necessarily great for other parts of the market. The precious metal has long been considered a “safe haven” asset, meaning that investors tend to flee other assets and flock to gold in the midst of economic or geopolitical turmoil.
Investors can take their pick of dustups fueling market uncertainty and driving up gold prices, from the federal investigation into Federal Reserve chairman Jerome Powell, to the U.S. military operation in Venezuela to the recent economic saber-rattling over a U.S. push to control Greenland, Nicky Shiels, head of metals strategy at commodities firm MKS PAMP, recently told CNBC.
“You’re entering a world where ... there is a strong demand to secure critical metals, critical commodities in this decade,” she said.
