Gold prices surge on the charts Monday as they touched on the historic $3,400 milestone. The Xau/USD index tracks precious metal performance, shows products that surge 70 points. It surged over 2% in trading that day, attracting heavy bullish feelings to the index.
Spot Gold prices have risen nearly 30% to investors since the start of the year. Commodity traders who have won entry positions this year are benefiting when the metal is heading north. This is the highest sparkling metal surge in the last four months since 2010.
Gold prices reach $34,000 and could surge further next
Gold prices surged to a record high of 28% in 2010, but have beaten it in the first four months of the year. 2025 has been extremely bullish for metals as it has come from investors of all forms. Institutional funds, retailers and central banks in developing countries have accumulated gold for three years, primarily.
Just recently, the Polish central bank purchased 16 tons of glittering metal to diversify its reserves. Even emerging economies such as China, Russia, India, Brazil and South Africa have accumulated it since 2022. These developments are one of the most sought after metals on the market in 2025, which is why gold prices are increased in 2025. Read here to find out why the US dollar is crashing as gold prices rise.
A stable but endless accumulation of gold could potentially raise prices by the end of 2025. Senior Bloomberg strategist Mike McGrone recently predicted that Metal could soon reach the $4,000 mark. “We’re now in a pretty good base for around $3,000.” McCrone said. “It’s going to head towards $4,000, the problem is time. Everything in between is for the traders.
