Gold Prices Breaking Through Recent Record Highs

Episode 2789,   Feb 19, 01:15 PM

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Gold Prices Breaking Through Recent Record Highs

Macro, Micro News for Wednesday 19th February 2025

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Gold prices are pressing higher, breaking through recent record highs of $2,942/oz.

There is increased discussion of revaluing the US gold reserves, from the current $42/oz to today’s spot prices.

Gold climbed >180% over the two years since it was revalued in 1973.

Meanwhile, central banks continue to buy, amid sustained geopolitical tensions, and rising expectations of tariffs.

China boosted holdings again in January, with India and Poland both buying.

MACRO
Inflation soars on food and private school fees
UK pay growth holds at lowest level since 2021, Brightmine says
House prices rose by 4.6% in year to December

MICRO 
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