Kitco News: Safe-Haven Demand Driving Solid Price Gains for Gold

Gold has been the odd asset out in 2025. It’s been less volatile than stocks or crypto. And it’s held up well, with the price around $2,900. Many see $3,000 and beyond in sight for the metal later in the year.

What’s most impressive about gold’s returns is that it’s held up well as interest rates have stayed relatively high. And that the U.S. dollar has been in a strengthening trend against other currencies.

Obviously, a weakening dollar could help fuel gold’s moves even more. Over the longer-term, strong central bank demand for the metal continues to push prices higher. And retail investors are still largely focused on other markets.

With rising economic uncertainty, however, safe-haven demand will likely shift retail investors to gold. That can help push gold prices up even further.

On the supply side, physical production continues to lag overall demand for gold. And we’re seeing some unusual moves as warehouses move gold to bank vaults in Manhattan.

There’s some possibility of a squeeze higher in prices, given the physical demand for gold bars right now. That could be above and beyond the overall safe-haven demand. It’s likely that any such squeeze would be short-lived.

For now, with gold holding strong and likely to trend higher, investors may want to consider investing in gold and gold-related stocks.

To see the full read on today’s gold market, click here.