Bloomberg: geopolitical instability could push gold price to new highs in 2025

Gold surpassed the $3,000 per ounce level for the first time ever during trading on Friday, confirming its role as a safe haven amid global uncertainty. The main drivers of growth were active purchases by central banks, concerns about the instability of the global economy and geopolitical tensions fueled by Donald Trump's trade policy.

The rise in gold prices is partly attributed to the desire of global financial institutions to reduce their dependence on the US dollar. This signals a shift in the global balance towards more diversified reserves, reflecting uncertainty about the future of the global financial system.

Despite the record nominal price, when adjusted for inflation, gold has still not reached its 1980 all-time high. At that time, its price was about $3,800 per ounce in present-day dollars. However, analysts believe that in 2025 the metal can reach new highs, given the current geopolitical situation, as reported by Bloomberg.