Barron's: Gold is Close to Revisiting its Record High
Article by Karishma Vanjani in Barron's
Gold is glittering to kick off 2025.
The most active futures on gold are currently trading at $2745.10, up $27.30 or 1% from a day earlier. That level is just about 2% shy of its all-time settlement high of $2800.80 marked on Oct. 30. If the contract closes at current levels, it would be the highest close since last month, according to the Dow Jones Market Data.
Gold has been on a tear lately. The move higher comes in part due to bullish signals from central banks.
The People's Bank of China started buying gold again late last year after holding off for most of 2024. Poland's central bank has around 15% of reserve assets in gold, with a goal to increase it to 20%.
But today's bump comes due to .....