What does $3,500 gold say about global nerves? Gold’s surge to a new record—up over 30% in 2025 and peaking at $3,508.50/oz—is about more than just inflation fears. Investors are rushing to bullion as a hedge against a weakening dollar, trade-war risks, and an unnerving standoff between President Trump and the Federal Reserve. Rate-cut bets also supercharge the metal, as do central banks diversifying away from US assets.
The big reveal? It’s not just US investors—demand in China and India stays strong, and Europe’s central bankers are openly warning that political attacks on Fed independence could further destabilize the global economy. If you thought gold’s rally was hype, consider this: analysts now see $3,600 as plausible by year-end.
