With the price of an ounce now more than $5,000, why is everyone going for gold?

This week on Inside Business, host Ciarán Hancock is joined in studio by Cliff Taylor to talk about the recent surge in the price of gold, which went past $5,000 an ounce on Monday, setting a new high. In January alone, the price has climbed by 17 per cent.

So, who’s buying it? Why is it viewed as a safe investment? And what role has US president Donald Trump played in this price spike?

Cliff has been following the story and explains the reasons behind the price surge.

The EY Entrepreneur of the Year programme has been running since 1998, with Denis O’Brien chosen as the first winner. Each year 24 finalists are chosen for a months-long programme of events, culminating in awards night and the announcement of the category and overall winners. Last year, Edward McCloskey of WaterWipes fame took home the overall prize.

Roger Wallace is the EY partner in charge of the programme while 2025 finalist James Kelly is a managing director with LMH Engineering in Arklow, Co Wicklow.

They joined Ciarán in studio for a chat on the benefits of the awards programme, what it takes to be an entrepreneur and the current state of Irish entrepreneurship.

Produced by John Casey with JJ Vernon on sound.

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