Goldman Sachs says the demand for gold is not just hype, and predicts the U.S. could still see a repeat of a Nixon-era spike

The recent surge in precious metals isn’t fool’s gold. Lina Thomas, commodities strategist with Goldman Sachs Research, said in a video posted on Thursday the swelling price of gold is more than hype. “The rally remains grounded in fundamentals, not frenzy,” she said. The price of gold has skyrocketed 65% in 2025 due to tariff-induced economic uncertainty that has led to the depreciation of the dollar once favored as a safe haven. On Friday, the asset reached another record high of about $4,242 per ounce ...