From cryptocurrencies to Treasury bonds, there are all kinds of places to invest your cash in 2025. So, why is gold — one of the oldest investment vehicles in history — reaching record prices? Northeastern University economist Bob Triest says some things are classic.
“Gold is a classic safe-haven asset,” says Triest, professor of economics at Northeastern. “The main link to the economy is that the runup of the price of gold reflects the increase in economic uncertainty.” Gold prices topped $4,000 a troy ounce (the global standard of weight for precious metals) for the first time on Tuesday. The price of gold has risen about 50% this year and, on Monday, Goldman Sachs raised its December 2026 price forecast for gold from $4,300 per ounce to $4,900.
