All You Need to Know About Gold’s Price Rally

Key Summary:
- Stagflation & monetary policy support gold's rally
- Main buyers of gold have been EM central banks
- How long will the supportive price momentum last?
Gold is now trading at an all-time high of around $3,600/oz, following a sharp increase of +37% this year, making it one of the best-performing assets globally.
Thus far, the 2025 performance of +37% is also on track to be the highest since 1979, when gold booked an annual gain of +133%. On this note, there seem to be similarities between these two periods including: