Gold has had a three-year, record-breaking bull run, and 2025 has seen the precious metal hit new heights. Investors have piled into gold-backed exchange-traded funds, with total holdings in mid-September reaching their highest point since 2022. Meanwhile, Zijin Gold raised $3.2 billion in the world’s largest initial public offering since May. Bloomberg’s Paul Dobson, Yihui Xie, Dave Sebastian and Sybilla Gross discuss what's behind the rally and what could come next in a Live Q&A on Tuesday September 30th at 8 a.m. HKT/Monday September 29th at 8 p.m. ET. Bloomberg digital subscribers and Terminal clients have the exclusive opportunity to ask our team live questions. This live audio conversation is free and available for everyone to listen and share.