Why gold more than doubled in three years

What this video covers

Gold’s rise from a $1,916 monthly average in October 2023 to $4,105 in October 2026, drawn from World Bank data with the February 2026 record. The drivers the page documents and why it is not a one-way trade.

Sources and the longer explanation: Why Has the Gold Price Gone Up So Much?.

Numbers shown on screen

• +114%: Gold, October 2023 to October 2026
• $1,916
• $5,020

How the visuals were made

In 0:50 the video moves through 6 scenes, including an animated line chart, “Gold, $ per ounce, monthly average”, drawn from World Bank monthly gold from 2023-01; a checklist, “What pushed gold up”; a side-by-side comparison of Weaker dollar and Higher real yields. All graphics were rendered frame by frame by UXS; no stock footage, logos or faces are used.

Chapters

• 0:00 Gold, October 2023 to October 2026
• 0:14 Gold, $ per ounce, monthly average
• 0:21 What pushed gold up
• 0:27 Driver one: Central banks buying since 2022
• 0:37
• 0:42 Risk note

Transcript

Gold more than doubled in three years, from a $1,916 monthly average in October 2023 to $4,105 in October 2026.

It hit a record $5,020 average in February 2026, then fell about 18%.

The drivers: heavy central-bank buying, safe-haven demand, and expectations for rates and the dollar.

Central banks have bought heavily since 2022, as some diversified reserves away from the dollar. That is steady, price-insensitive demand.

A weaker dollar also tends to lift gold for global buyers, because it is priced in dollars.

Gold pays no interest, so higher real rates can weigh on it. Educational only, not financial advice.