Gold Investors Stay Bullish for 2025 on Trump Volatility
- Bullion posted biggest annual gain since 2010 last year
- Many drivers of precious metal’s rally remain largely intact
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Money managers are seeing plenty of reasons to remain bullish on gold, following a stellar 2024 that saw the precious metal post its biggest annual gain since 2010.
Bullion surged 27% last year, hitting record highs as it soared to almost $2,800 an ounce. Three main factors fueled the rally: large purchases by central banks, notably those in China and other emerging markets; the Federal Reserve’s monetary easing, which makes non-yielding gold more appealing; and the precious metal’s historical role as a safe haven amid ongoing geopolitical tensions, including wars in Ukraine and the Middle East.