Gold futures traded in New York have soared almost 71% this year, on pace for their best annual gain in 46 years. “Uncertainty remains a defining feature of the global economy,” said Joe Cavatoni, senior market strategist at the World Gold Council. In 2024, gold futures gained 27% while the S&P rose by 24%. A weaker US dollar is helping boost the price, too, as it makes buying gold relatively more affordable for international investors. And the gold rush isn’t just fueled by Americans snapping up gold bars from Costco — it’s countries buying gold by the ton.

Source: CNN December 25, 2025 19:22 UTC