According to World Bank data, the global trend of gold prices strengthened throughout the first quarter of 2025.
By the end of March 2025, the average price of 99.5% fine gold (London Fix Afternoon Price) had reached US$2,983 per troy ounce.
The price increased by 38% year-on-year, setting a new record high in World Bank records.
Meanwhile, according to the World Gold Council (WGC), the strengthening of gold prices in the first few months of this year tended to outperform other investment assets, whose markets are volatile due to the influence of new import tariff policies from the United States (US).
"US tariff policies shook the markets, triggering a wave of risk-aversion sentiment that caused a sharp decline in global equities and a fall in bond yields, as investors sought safe haven assets," said the WGC in its Weekly Markets Monitor report, April 7, 2025 edition.
"Amidst the massive sell-off, gold remained stable, although potential liquidation to meet margin calls weighed on gold," it continued.