Gold’s Meteoric Rise in 2025: Nine Factors Driving the Rally
Gold has surged nearly 30% year-to-date in 2025, breaching $3,400/oz by April—a performance fueled by central bank accumulation, ETF inflows, and macroeconomic uncertainty. The rally marks one of the strongest starts in decades, with prices climbing from $2,658 to new all-time highs.
Central banks added 244 tonnes in Q1, 24% above their five-year average, while 95% of reserve managers plan further Gold acquisitions. ETF demand has likewise exploded, though the article cuts off before detailing specific flows.
Younger investors are increasingly participating alongside institutional players, creating a rare convergence of demographic and structural demand. Inflationary pressures and geopolitical tensions continue to burnish gold's safe-haven appeal.
