The gold price gained 30 percent in 2024, setting new highs along the way. It broke through US$2,500 per ounce, then continued higher, hitting US$2,600 and then US$2,700. Less than a month and a half into 2025,

Gold prices rose to hit a lifetime high on Thursday while the focus was also on a crucial inflation report for clues on the Fed's policy path.

Gold rose to a new all-time high after US President Donald Trump said he would announce tariffs on steel and aluminum imports Monday, adding to increasing uncertainty in global financial markets.