First quarter of 2025 was best-performing for gold in nearly forty years

Gold prices have surpassed $3,100 per ounce, setting a new high. The first quarter of 2025 was the best-performing for the yellow metal in nearly four decades, Kitco News reports.

The asset growth is driven by such factors as geopolitical tension, and increasing investor interest in gold exchange-traded funds (ETFs). According to the portal, the total volume of the yellow metal under management in global ETFs is now estimated at $268 billion. The one-day inflow of 23 tons was recorded in March, it became the largest since 2022. 

Gary Wagner, an editor of TheGoldForecast.com, expects the yellow metal to reach $3,400 by the third quarter of 2025.

Meanwhile, silver has risen 20% year-to-date. Nevertheless, it continues to trade well below its all-time highs, Kitco News highlights. According to Wagner, the pace of silver's rise could catch up with gold in case the supply of the former squeezes. 

According to Kitco News, silver ETFs have added 2.2 million ounces, or 0.32%, since January. Meanwhile, gold ETFs posted a 5.9% rise over the same period.