LONDON (dpa-AFX) – Gold reached another all-time high on Tuesday morning. The price for one troy ounce (approximately 31.1 grams) climbed in early trading to just over $3,867. The precious metal is now more expensive than ever before. Over the course of the year, the gold price has surged by around 47 percent, significantly outpacing many other asset classes.
By comparison, the digital currency Bitcoin has risen by just over one fifth since the end of 2024. The DAX, the benchmark index for the German stock market, has gained around 19 percent so far this year.
Over the past three years, the price of gold has jumped 133 percent, with geopolitical risks such as Russia’s war of aggression against Ukraine intensifying the flight to what is considered a relatively safe investment haven. Additional factors include the aggressive tariff policy of the US government and attacks by US President Donald Trump against the US Federal Reserve, which have heightened concerns about the central bank’s independence./zb/jha/