Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Graeme Wearden

Bullion bonanza: why is gold hitting record highs?

Gold bars
Since 1 January, the price of gold has risen by 43% to $3,760 an ounce – outpacing all other major asset classes this year. Photograph: Shannon Stapleton/Reuters

It is turning into gold’s best year in decades. Bullion has hit a series of record highs in 2025, putting it firmly on track for its strongest annual performance since 1979, when revolution in Tehran rocked the global economy.

Why is gold in such demand?

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.