Investment Week: Gold price hits 25 record highs in 2025 so far

With gold reaching 25 record highs in 2025 amid heightened market volatility, the article explores the factors supporting continued demand for the precious metal. According to data from The Royal Mint, this puts 2025 on track to be one of the strongest years for gold price records since 1968.

Commenting on the outlook for gold, Tom highlighted the importance of China’s economic policy and geopolitical tensions with the US, noting that: “The gold bull market relies on two factors – China running a state policy of industrial surplus and China failing to get along with the US. So long as these two factors are sustained then the gold bull market will continue.”

Tom also discussed the impact of recent US trade policy, arguing that attempts to address Chinese policy have so far done little to alter Chinese behaviour while encouraging investors to diversify away from US financial assets.

The full article, including Tom’s comments on the outlook for gold and the factors driving the current bull market, can be accessed on the Investment Week website here.