On December 17, Reuters reported that gold prices are surging sharply in 2025, marking the biggest increase since the 1979 oil crisis.Bank of America strategist Michael Widmer pointed out that portfolio diversification and expectations of further gains in gold prices are supporting the rally. Widmer noted that efforts to reduce the US current account deficit and a weaker dollar policy are also helping support gold prices.Philip Newman, managing director at Metals Focus, noted that additional support has com ...