Gold is expensive – level 2

Gold is expensive

02-02-2026 07:00

Gold prices are the highest ever. Many people buy gold because they worry about money and world problems. Silver and platinum prices rise as well.

People trust gold when they worry about the future. Central banks buy more gold and use the US dollar less than before. Trade problems make people feel nervous. The US president talks about very high taxes on goods from other countries which scare markets and push people to choose gold.
People also expect lower interest rates in the United States. Lower rates make gold more interesting than bank savings. In the past, gold prices rose during hard times, but this rise happens much faster. The price grows very quickly in a short time.

Difficult words: platinum (a special metal which people use for jewelry), tax (money people pay to the government), market (a place where people buy and sell).

You can watch the original video in the Level 3 section.

What factors have led both individuals and central banks to increase their gold purchases and reduce their reliance on the US dollar?

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