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The gold price has really been on a roller coaster ride over the past decade. It was quite sluggish in 2015, but who would have thought it would shoot up later? By October 2025, the gold price in Hong Kong actually soared to 31,356.99 HKD per ounce, setting a historical high. This rise must be around 200%, right?
During the pandemic, everyone was panicking, and gold prices surged particularly fast. Later, with the global situation becoming chaotic, investors became even more fond of gold. It seems that central banks around the world are also hoarding gold like crazy.
Starting from the second half of 2024, the gold price will rise as if it has been launched with a rocket. It will surge all the way, finally breaking the 30,000 Hong Kong Dollar mark in October 2025. It's a bit unexpected, but also within reason.
Gold seems to have proven once again that it is a safe-haven asset. However, its volatility is quite significant. In my opinion, holding it for the long term is a more stable approach; don't think about making quick money in the short term.
In conclusion, the rise in gold prices over the past decade has left people dumbfounded. The allure of gold is still present. How will it move in the future? Who knows? But it will definitely remain an important part of the investment portfolio.