Gold Investors Stay Bullish After Record Rally in 2025
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000An advertisement for gold bullion at a gold store in the Grand Bazaar in Istanbul.After one of the most explosive rallies in modern market history, few investors expect gold to pull off a repeat in 2026. But many top money managers are still betting on further gains, arguing that the forces that propelled bullion to a record remain in place.Gold surged 65% in 2025 — its strongest performance in nearly half a century — as retail and institutional investors piled in alongside central banks. In a year where almost every tailwind supporting the precious metal collided, from falling interest rates to geopolitical tensions, bullion even pushed through an inflation-adjusted high that had held since 1980.