Gold has become one of the most profitable assets in 2025. According to data from TradingView, its price is trading near historical highs, reaching a record $3,791 per ounce yesterday. This trend indicates strong investor confidence in a safe haven during times of geopolitical and economic uncertainty.

Gold at record levels

A key player in the market is China, which has recently confirmed increased appetite for precious metals. Precious metal imports, excluding monetary operations, according to a report by The Kobeissi Letter, marking the second highest volume of the year. This result also exceeds the 5-year average by 9%, showing that Chinese demand remains strong even at high prices.

The increased demand comes from households, jewelers, and private investors, positioning China clearly as the largest precious metal market in the world. According to data from the World Gold Council, China currently holds 2,298 tons of gold, ranking it among the largest global holders of the metal. This increased volume highlights Beijing’s strategic effort to diversify reserves and reduce dependence on the dollar.

An important factor in the growth is also the policy of the Chinese central bank. The People’s Bank of China (PBOC) has been expanding its gold reserves for the tenth consecutive month. Total holdings reached a record 74 million ounces. This move is seen as part of a broader strategy aimed at reducing the country’s dependence on the dollar and strengthening financial stability.

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Record pace like never before

The pace at which gold prices are rising has never been seen before. Over the past month, it increased by 12%, over the year by 43%, and in the last 5 years by 94%. This sharp rise has multiple causes. After the Covid pandemic, investors began moving massively to safe-haven assets.

Subsequently, the war in Ukraine brought geopolitical uncertainty and a sharp rise in inflation, further supporting precious metal demand. The weakening confidence in traditional currencies, especially the dollar, and the efforts of central banks to diversify reserves also play a role. Gold thus becomes a symbol of security in an unstable world.

In China specifically, this development also reflects deeper economic problems. Slowing economic growth, real estate market challenges, and a weaker yuan motivate households and investors to seek security in gold. At the same time, the PBOC sends a clear signal that precious metal will remain a key element of its financial policy in the coming years.