|

The Trump trade is back and it’s making Gold great again [Video]

Another week and another all-time record high for Gold prices. That’s one of the most lucrative trends of Donald Trump's Presidency 2.0, which shows no signs of slowing down anytime soon! 

As Gold prices continue their unstoppable surge higher, scaling new all-time record highs for a sixth consecutive quarter in a row – analysts at GSC Commodity Intelligence have dubbed this the beginning of a “New Era” for the Precious Metal. 

This comes as no surprise, when you consider robust evidence shows that Gold has firmly positioned itself as the world’s Number One “Trump Trade” of 2025, since the 47th US President's inauguration in January.

Having set 39 new record highs throughout 2024 – matching the peak of the Global Financial Crisis in 2011 – the price of Gold in US Dollars has continued to build on last year's stellar performance – clocking up eight back-to-back weekly advances to scored 13 new record highs, so far in 2025.

If Gold prices can maintain this blistering momentum, which certainly seems possible – then the world's favourite precious metal could be on track to eclipse last year’s tally of record highs – a lot sooner than anyone expects! 

On Thursday, Gold prices skyrocketing to a new all-time record high of $2,955 an ounce, surpassing the precious metals previous all-time high of $2,941 an ounce reached only a day earlier – extending its gains by an impressive 43%, from this time a year ago. 

According to GSC Commodity Intelligence – “Gold's record-breaking run has been nothing short of impressive. Never before in history have we seen the precious metal score multiple all-time record highs in such a short space of time”. 

And this could just the beginning! 

If history is anything to go by, then previous Gold Supercycles suggest this is only just the start of a much bigger move ahead. 

Right now, the precious metal is being driving by "a multitude of bullish tailwinds" including; President Trump’s Tariff’s, which threatens to ignite a new round of Global Trade Wars. 

Historically, there has always been a positive correlation between tariffs and Gold prices moving higher. The longer tariffs go on, the more this is going to disrupt global trade and fuel inflation. 

Another predominant macro factor is Central Banks around the world continuing to accumulate Gold at a record-setting pace as they aggressively diversify away from the US dollar. 

Additionally, persistent instability in China’s economy also sits high on the list, as has spurred Beijing authorities to launch a new project allowing Chinese insurance companies to invest up to 1% of their assets in Gold. 

And last but definitely not least – the strong correlation between U.S government debt and Gold prices. 

In a note to clients, analysts at GSC Commodity Intelligence wrote “conclusive evidence shows that during the period U.S national debt has ballooned from 5 trillion to 36 trillion dollars – Gold prices have risen by almost 9X since 2000. But here's where things really start to get interesting. If history repeats itself, Gold prices could reach $5,000 an ounce when U.S national debt hits the 70 trillion dollar mark”. 

All of this tells us one thing. Gold prices are only heading in one direction from here – And that's up! 

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

Author

Phil Carr

Phil Carr

The Gold & Silver Club

Phil is the co-founder and Head of Trading at The Gold & Silver Club, an international Commodities Trading Firm specializing in Metals, Energies and Soft Commodities.

More from Phil Carr
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD recovers to 1.1750 region as 2025 draws to a close

Following the bearish action seen in the European session on Wednesday, EUR/USD regains its traction and recovery to the 1.1750 region. Nevertheless, the pair's volatility remains low as trading conditions thin out on the last day of the year.

GBP/USD stays weak near 1.3450 on modest USD recovery

GBP/USD remains under modest beairsh pressure and fluctuates at around 1.3450 on Wednesday. The US Dollar finds fresh demand due to the end-of-the-year position adjustments, weighing on the pair amid the pre-New Year trading lull. 

Gold retreats to $4,300 area, looks to post monthly gains

Gold stays on the back foot on the last day of 2025 and trades near $4,300, possibly pressured by profit-taking and position adjustments. Nevertheless, XAU/USD remains on track to post gains for December and extend its winning streak into a fifth consecutive month.

Bitcoin, Ethereum and XRP prepare for a potential New Year rebound

Bitcoin, Ethereum, and Ripple are holding steady on Wednesday after recording minor gains on the previous day. Technically, Bitcoin could extend gains within a triangle pattern while Ethereum and Ripple face critical overhead resistance. 

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).