The current year 2025 was a period of rapid growth in gold prices, which Ukrainians could even make money on. In general, the global trend was such that in less than 2 years the price of the yellow metal doubled and amounted to $4,001 per ounce — 31 grams — on October 7.
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This data is provided by The Financial Times, noting that the price of the precious metal has increased by more than 50% since the beginning of the year and on Tuesday reached $ 4,001, effectively doubling in less than two years. Moreover, the price of gold continues to grow, for example, according to the World Gold Council, which unites producers of this metal, on October 3 the price of an ounce has already exceeded $ 4,030.
The Financial Times explains this jump by large-scale purchases of gold by central banks to diversify reserves from the US dollar, as well as increased demand from private investors who view gold as a “safe haven” during financial turbulence.
According to economic expert Danylo Monin , expressed to “FACTS”, the growth in demand for gold was provoked by large investment companies, as well as individual countries. Among the latter is China, which began buying gold for reserves, and this creates increased demand.
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– I think that this is primarily due to the change in geopolitics and President Trump's actions regarding the increase in tariffs. The result of this was the transition of investors from buying US government bonds to buying gold. An additional factor may be the expectation of a crisis similar to the one in 2008, as part of a certain preparation for which they buy gold, – the expert explained to “FACTS”.
Danylo Monin also noted that in conditions of rapidly growing demand and prices for gold, it is impossible to make any predictions regarding the price and timing of the decline in demand.
The Financial Times also recalled that historically sharp jumps in gold prices have occurred during periods of global crises. Thus, in 2008, during the financial crisis, the price exceeded $1,000, in 2020 — $2,000 against the backdrop of the Covid-19 pandemic, and in the spring of this year — $3,000, on the eve of Donald Trump's imposition of tariffs on goods from almost all countries, which caused a sharp fall in markets.
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Note that the rise in gold prices benefits the aggressor country, 42% of whose liquid assets are concentrated in the precious metal.
