More investors turned to gold in the first seven months of 2025, compared with the previous year, new data shows.
As gold prices continue to hit highs, clients of gold marketplace BullionVault sold half-a-tonne more gold (582kg) than they bought as a group in the 12 months to July 2025. This is equivalent to £38.4mn.
Meanwhile, in the first seven months of 2025, the number of new UK accounts opened on BullionVault was 144 per cent ahead of the same period in 2024.
The company said this was ahead of the 100 per cent increase seen from users across the rest of the world.
Adrian Ash, director at BullionVault, said: “Gold thrives on uncertainty, and Donald Trump’s second term in the White House continues to wrongfoot financial markets just as much as it does America’s trading and political partners.
“But it’s a sign of how poorly the international markets now see the UK that underlying gold prices keep striking new all-time highs against the Pound.
“Domestic investors and savers clearly agree with that gloom. The number of people starting to buy securely-stored bullion is running at its highest since the pandemic.”
Research from trading platform eToro in July showed Investors were turning to gold in response to a weaker dollar.
It surveyed 1,000 investors and found almost half have either adjusted or plan to adjust their portfolios in response to a weaker US dollar.
The most cited action was to invest more in gold, mentioned by 35 per cent of investors, in the second quarter of 2025.
This was followed by 30 per cent who said they would reduce investments in US stocks and 29 per cent who said they would increase investments in non-US stocks.
tara.o’connor@ft.com
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