Gold Nearing $2,900! The Forces Driving Its Record-Breaking Surge | The Gold Spot

As President Donald J. Trump unravels his agenda at unprecedented speeds, investors are struggling to keep pace. The news cycle is constantly evolving, and the markets are getting jolted around.

Gold has arisen as the most decisive asset in the chaos, rising to record highs only a month into 2025. This surge is largely attributable to central bank demand, which Trump’s global tariff campaign has encouraged.

After a sleepy December, central banks reignited their gold demand, weighing heavily on bullion banks worldwide. The LBMA, COMEX, and other major reserves are facing potential shortages, which could send gold prices skyrocketing.

Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Sr. Precious Metals Advisor Damian White and Precious Metals Advisor Joe Elkjer explain gold’s recent pop, how Trump’s policies might affect prices moving forward, and whether it’s too late to buy in.

🔗 READ MORE: https://www.sbcgold.com/blog/gold-nearing-2900-an-ounce-the-forces-driving-its-record-breaking-surge/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_02052025

⭐ RELATED LINKS:

📈 Gold Price Predictions & Forecasts for 2025: https://www.sbcgold.com/gold-price-forecasts/gold-price-forecast-2025/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_02052025

📈 See Live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_02052025

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⭐ @sbcgold Precious Metals Advisors in this The Gold Spot video:

👤 Joe Elkjer: https://www.sbcgold.com/about/joe-elkjer/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_02052025

👤 Damian White: https://www.sbcgold.com/about/damian-white/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_02052025