Gold has been surging in value. Why?

The price of gold rose by 64% in 2025, reaching an all-time high in January 2026. What's behind the surge? James Emmett, CEO of precious metals company MKS PAMP, says the key driver is uncertainty. Amid geopolitical and financial instability, central banks seek to boost their reserves of gold to protect against shocks. But why is gold such a reliable ‘safe haven’ asset? Watch the video to find out. From geopolitical uncertainty to the energy and digital transitions, minerals and metals are becoming increasingly central to the future of the global economy. The World Economic Forum’s Mining and Metals community brings leaders together to help the sector navigate these changes, strengthen its resilience and advance a responsible transformation.