Gold has had a record-breaking year, will it do the same in 2025?

InvestorDaily

Gold is on track for its best annual performance in more than a decade after seeing 28 per cent gains through November, or 34 per cent in Australian dollars, according to the World Gold Council. The yellow metal is now trading 22 per cent higher on average this year than during 2023, and has reached 40 new record highs this year-to-date (YTD). Interestingly, global gold ETFs saw their first monthly outflow since April, led by Europe, while North America was the only region reporting inflows.

Namely, total AUM fell 4 per cent over the period, although YTD flows have remained positive at US$2.6 billion. The 29-tonne fall in holdings last month dipped YTD demand into the red. Nonetheless, the World Gold Council said that central bank and investor buying have more than offset a “notable deceleration” in consumer demand. Asian investors have remained active, while lower yields and a weakening US dollar in Q3 fuelled Western investment flows.

The rest of this article can be found at investordaily.com.au.