On April 16, 2025, gold soared past $3,300 per ounce, setting a new all-time high. This jump isn’t just another number on financial markets, it’s a clear sign that more people are searching for ways to protect their money in an increasingly unstable environment.

If you look at the chart of the past few years (which you’ll find below), you’ll see this surge isn’t an isolated event, it’s part of a sustained trend driven by real and persistent factors.

Gold price chart

Why is gold rising so much?

1. US-China Trade Clash

Tensions between the world’s two largest economies have escalated rapidly. The United States announced a tariff hike raising import taxes on Chinese goods up to 245%, as a response to China’s recent actions. In turn, China’s foreign ministry has stated it does not seek confrontation but “will not keep silent in the face of US pressure.”

This trade conflict is creating global uncertainty. When the economic outlook becomes unclear, gold emerges as a safe haven against potential turmoil.

2. Weakening US Dollar

The US dollar has been losing value against other currencies. This not only raises concerns about the stability of traditional money, but also boosts global demand for gold, as it becomes more affordable for international buyers. For many, protecting purchasing power becomes urgent as their currency weakens.

3. Global Economic Uncertainty

With recession fears, stock market drops, and ongoing political instability, financial markets are experiencing high volatility. In this context, gold is seen as a reliable option, as it does not depend on any single government or central bank. It is a universal store of value that stands the test of time.

4. Central Banks and Institutional Demand

Central banks in several countries are actively buying gold to shore up their economies. This trend further reinforces the idea of gold as a solid reserve of value. At the same time, many gold-backed funds (ETFs) are seeing steady inflows, pushing demand and prices even higher.

central banks buying gold.jpeg

Note: chart includes only purchases/sales of a tonne or more.
Source: IMF IFS, Respective Central Banks, World Gold Council

What does all this mean for you?

This new record high isn’t just another financial stat, it’s a clear signal of the times we’re living in. Gold is proving to be a protection tool in the face of global volatility.

This isn’t about speculation, it’s about safeguarding the value of what you have. In times when currencies can lose value or policies can shift without warning, gold stands out as a way to keep your money safe from those shocks.

With Phi Wallet, you have access to a secure and easy-to-use app to buy gold from the palm of your hand and manage your wealth wherever you are. Because protecting your money should be simple.

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