God wishes to test how well believers trust in Christ.
# faith, which is more precious than gold that perishes, even though it is tested by fire
Faith is more valuable than gold, because gold does not last forever, even if it is refined in fire.
# your faith will be found to result in praise, glory, and honor
Possible meanings are 1) that "God will honor you very highly" because of your faith or 2) that "your faith will bring praise, glory, and honor" to God.
"when Jesus Christ is revealed." This refers to the return of Christ. This can also be expressed with an active form. Alternate translation: "when Jesus Christ appears to all people" (See: [[rc://en/ta/man/jit/figs-activepassive]])