Secure system: Gold costs more than $ 3,800 for the first time

The gold price continued its record rally at the start of the week. The price for a troy ounce (about 31.1 grams) attracted up to 1.3 percent to $ 3,809 in early trade. The precious metal was more expensive than ever. The gold price has so far increased around 45 percent over the course of the year and thus significantly more than many other asset classes.

Among other things, the digital currency Bitcoin has increased by almost a fifth since the end of 2024. The DAX, the leading index for the German stock market, has increased almost 19 percent over the course of the year.

In the past three years, the gold price has attracted almost 130 percent, with geopolitical risks such as the Russian attack war against Ukraine increasing the flight in the investment ports that are considered comparatively securely.

In addition, there is the aggressive customs policy of the US government and the attacks by US President Donald Trump against the US Federal Reserve Fed, strengthening concerns about the independence of the central bank.