What’s Driving the Gold Rush From London to New York?

For centuries, gold has been the go-to haven asset in times of political and economic uncertainty. The fact that it’s tangible — something you can hold in your hand — gives people a sense of safety and represents a store of value when everything else is in turmoil.

Investors have sought refuge in bullion amid mounting concerns over US President Donald Trump’s disruptive trade and geopolitical agendas. The price of gold has hit a series of record highs in 2025, extending a ferocious run from last year.