Gold prices hit record highs followed by a two-week low, up over 30% in 2025

From Yahoo Finance: 2025-05-02 00:59:00

The allure of gold has driven market fortunes amidst global turmoil. Gold prices hit record highs followed by a two-week low, still nearly $1,000 higher than a year ago. Spot gold is up over 30% in 2025 while stocks fall, as investors seek safe havens. Australia’s gold reserves keep miners busy, with the precious metal journeying from mines to retail stores in just a week. Trump’s tariffs and geopolitical tensions boost gold demand, despite price softening after exemption from tariffs. Analysts predict gold prices may continue to climb.



Read more at Yahoo Finance: Gold is swiftly transformed from ore to bars in Australia after weeks of record prices