Tatiana Dementieva
⬤ Gold futures broke through to a fresh record near $4,700 per ounce, marking another milestone in what's become one of the metal's strongest runs in modern trading history. The latest surge pushed prices up more than 2% in a single session as trade war concerns intensified and investors piled into safe-haven positions.
⬤ The rally that started in 2023 has shown remarkable consistency, with gold climbing steadily through 2024 and into 2025. Over the past 12 months alone, futures have surged roughly 78%, putting this advance among the most powerful annual moves the metal has ever seen. Pullbacks have been shallow and brief, quickly giving way to renewed buying pressure.
⬤ The move from under $4,000 to above $4,700 happened fast. Large bullish candles dominated the chart with barely any interruption, showing just how strong demand has been. Growing uncertainty around global trade has clearly pushed market participants to reconsider their risk exposure, and gold continues to be the go-to hedge.
⬤ This record run matters beyond precious metals. Gold's trajectory reflects broader shifts in confidence, geopolitical stability, and economic expectations. When gold rallies this hard, it tends to ripple across commodities, currencies, and rates markets. With prices at these historic levels, gold's next moves will likely continue shaping how traders think about global risk and where the economy is headed.
Tatiana Dementieva
