Gold has been on a tear during the last week, having registered several record price increases in 2025. During the early morning hours of Friday, Gold reached yet another all-time high, with its prices reaching $4,371 on the COMEX December futures markets.
The new record also carries with it a remarkable milestone, assigning gold a market capitalization of over $30 trillion according to above-ground gold reserves, estimated by the World Gold Council to be nearly 216,265 metric tonnes.
The skyrocketing movements of the prime metal have turned it into the best-performing asset year to date (YTD), leaving the S&P 500 and even bitcoin behind. Gold has registered nearly 10% in gains during the last 5 days, over 17% in a month, and close to 66% YTD.
Not even Nvidia, which has been lauded as one of the better investments this year due to its Artificial Intelligence (AI) ties through semiconductors, has been able to overcome gold. Nvidia has registered a rise of close to 36% YTD, trailing gold by 30%.
The continued rise of gold, and a demand that has been considered inelastic by some, has analysts worried about the debasement of the U.S. dollar and a possible devaluation crisis involving major fiat currencies.
The rise of gold hints at an upcoming crisis of large implications, according to Peter Schiff, financial analyst and known gold bug. Schiff, who has been chronicling the gold’s bull market on social media, recently stressed that this surge “likely portends a U.S. dollar and sovereign debt crisis next year that will make the 2008 financial crisis look like a Sunday school picnic.”
Senior Fellow of the Brookings Institution Robin Brook has also hinted at the occurrence of a global flight to safety assets, referred to in mainstream media as “the debasement trade.” “If that’s true, the gold move can go a lot further,” he concluded.
Analysts believe that the bull gold market still has legs, with large institutions like Goldman Sachs recently raising its predictions to $4,900 from $4,300 per ounce for December, fueled by exchange-traded fund demand and central bank purchases. This would extend the current rally to historic numbers for a commodity like gold.
What recent milestone has gold achieved in the markets?
Gold reached an all-time high of $4,371 on the COMEX December futures markets, marking a market capitalization of over $30 trillion.How does gold’s performance compare to other assets so far in 2025?
Gold is the best-performing asset of the year, gaining nearly 66% year-to-date, significantly outperforming both the S&P 500 and bitcoin.What concerns are analysts expressing about the rise in gold prices?
Analysts worry that the surge in gold hints at potential debasement of the U.S. dollar and looming crises in sovereign debt, compared to the 2008 financial crisis.What are the future predictions for gold prices from financial institutions?
Analysts, including those at Goldman Sachs, have raised gold price forecasts to $4,900 per ounce, driven by increasing demand from exchange-traded funds and central bank purchases.
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