"gold investing sentiment has only been stronger during the global financial crisis, the shock of Trump's first election win, and the Covid pandemic. Because 2025 lacks any clear and present panic, it's easy to cast gold as a bubble, fuelled by FOMO at new record prices. But while the fear-of-missing-out undoubtedly pulled in some hot money at gold's recent highs, the underlying uptrend signals a deeper crisis of confidence in the established order, led by the USA's geopolitical dominance."
"Gold sentiment among UK investors and savers has leapt to levels only seen during extreme crisis events, new data from world-leading marketplace BullionVault shows today, as gold spikes to fresh record prices, spurring a near-record number of people to start buying precious metals for the first time. Gaining and then losing £350 per Troy ounce in October, the price of gold continued to trend higher, setting its 15th new month-average record in a row above £3,000."
Gold demand among UK investors and savers has surged to levels comparable with extreme crisis events, coinciding with fresh record prices and a near-record influx of first-time precious-metal buyers. The gold price swung by £350 per Troy ounce in October and recorded a fifteenth consecutive month-average high above £3,000. Global web traffic to BullionVault reached its highest since October 2008 while the platform now holds £5.8 billion of client metal, roughly 90% held by clients in Western Europe or North America. New UK users jumped 68.3% from September to the highest level since August 2011. The price uptrend reflects a deeper crisis of confidence in the US-led global order and large private gold stockpiles built over the past two decades, creating dynamics for both fresh buying and potential profit-taking.
Read at London Business News | Londonlovesbusiness.com
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