Gold: an old metal in a new world

After a challenging period marked by geopolitical tensions, persistent inflation and shifting central bank policies, gold has recently come under renewed pressure. Having risen strongly since late 2023 and reached multiple record highs, the metal is now trading at a six-month low.  

Despite this short-term weakness, gold’s appeal extends well beyond cyclical price movements. For centuries, the metal has played a unique role as a store of value and a stabilising force in times of uncertainty. At Rothschild & Co, this connection runs particularly deep. 

A legacy measured in centuries

The Rothschild family’s involvement with gold dates back more than two centuries. From the earliest days of the firm, gold trading and bullion brokerage were central to its activities in the City of London.

Nathan Mayer Rothschild established one of the leading bullion trading businesses of his time, supplying gold to governments and financial institutions and helping to shape the emerging international gold market. During the nineteenth century, the firm became closely associated with bullion refining and international gold flows, particularly during the gold...

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