On the weekend of July 12/13, 2025, the gold price experienced a significant increase, raising hopes among investors for a sustained rally. The global gold price soared to a new record high of approximately 3,354.88 USD per ounce, moving close to the 3,500 USD/oz mark.
Factors Driving the Price Increase
The remarkable price increase is driven by several key factors:
- Geopolitical Tensions: Particularly the conflicts between Israel and Iran increase demand for gold as a safe haven.
- Economic Uncertainties: The global economic situation and the expectation of continued loose monetary policy create a favorable environment for the gold price.
- The persistent demand from central banks also contributes to the strength of the gold price.
Technically speaking, the gold price is currently trading in a narrow range above approximately 3,100 USD/oz and showing short-term corrections following the all-time high.
Implications for Investors
For investors, there are several important considerations:
- The price rally could continue if geopolitical tensions remain high.
- Buying opportunities may arise during brief correction phases.
- The environment of inflation expectations, trade tensions, and monetary policy decisions remains crucial for future price development.
Overall, the gold market currently presents itself as highly dynamic, offering opportunities especially for commodity investors focusing on precious metals.