The gold price has surged to record highs. What’s behind the move?

CRAWLEY (AUSTRALIA): The gold price has surged to a new all-time high above USD 2,900 an ounce this month.

It has risen by 12 per cent since the start of the year and clearly outperformed US and Australian stock markets. The US stock index S&P500 is up 4 per cent and the ASX 200 has gained just 2 per cent in that time.

That follows an extraordinary run in 2024, when the precious metal surged 27 per cent, the biggest rise in 14 years.

Source: PTI News

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