"The price of gold has skyrocketed 65% in 2025 due to tariff-induced economic uncertainty that has led to the depreciation of the dollar once favored as a safe haven. On Friday, the asset reached another record high of about $4,242 per ounce following rising trade tensions between the U.S. and China and growing chatter around impending rate cuts. Central banks have also continued snapping up gold reserves to reduce exposure to greenbacks."
"Goldman Sachs projects gold will reach $4,900 by the end of 2026. While gold is often viewed as a hedge with no ability to pay interests or dividends, it shines in times of economic uncertainty as a safe-haven asset because it's a finite commodity with a high assigned value. The recent gold bug has even led Wall Street to reluctantly capitulate to investors' desire to buy gold."
"The recent gold bug has even led Wall Street to reluctantly capitulate to investors' desire to buy gold. JPMorgan Chase CEO Jamie Dimon, who does not typically buy gold nor encourage others to do so, recently changed his tune. 'This is one of the few times in my life, it's semi-rational to have some in your portfolio,' he told Fortune Editor in Chief Alyson Shontell on Wednesday at the Most Powerful Women conference."
Gold prices rose 65% in 2025 amid tariff-induced economic uncertainty and a depreciating dollar once favored as a safe haven. The asset reached about $4,242 per ounce as U.S.-China trade tensions and chatter of impending rate cuts drove demand. Central banks increased gold reserves to reduce exposure to greenbacks. Goldman Sachs projects gold will reach $4,900 by end-2026. Gold functions as a safe-haven finite commodity despite lacking interest or dividends. Wall Street figures including JPMorgan CEO Jamie Dimon have endorsed holding some gold. Analysts draw parallels to the 1970s surge after the U.S. left the gold standard.
Read at Fortune
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