This has been a great time for gold investors—the precious metal is up 72% over the last year, with analysts pointing to geopolitical tensions such as the U.S. blockade of Venezuela and Russia’s war on Ukraine, as well as softening monetary policies from the Federal Reserve, as the cause.
“The latest leg of the rally has been driven by the market pricing in an increasingly gold-friendly 2026 outlook, with lower rates and a potentially softer dollar acting as tailwinds for the bullion,” Global X ETFs senior investment analyst Trevor Yates told CBS.
