Gold prices, which surged by approximately 30% in 2024, are expected to continue rising in 2025, with analysts predicting that the precious metal could hit $3,000 per ounce by the end of the year. The increase is driven by gold’s status as a “safe haven” asset, particularly during times of economic and political instability, according to a report from News.az, citing Gazeta.Ru.
Elman Mekhtiyev, the founder of the Kredcheck service, suggests that rising global economic and political turbulence will push gold prices higher. He points to central banks’ ongoing efforts to diversify their reserves, emphasizing gold and other traditional assets as a safeguard against growing risks. Mekhtiyev highlights the potential destabilization of foreign exchange reserves, especially in light of the increasing influence of cryptocurrencies.
Dmitry Puchkarev, a stock market expert at BCS World of Investments, forecasts gold will reach between $2,600 and $2,900 per ounce in 2025. He attributes this expected price increase to the anticipated easing of interest rates by the US Federal Reserve and the continued acquisition of gold by central banks around the world.
Tsifra Broker analyst Ivan Efanov is even more optimistic, predicting that gold prices could surpass $3,000 per ounce by the end of 2025. Despite potential strength in the US dollar, Efanov argues that gold will remain a highly sought-after asset amidst geopolitical uncertainties and financial instability.
In a similar vein, Bloomberg, citing a forecast from UBS, reports that gold could reach $2,900 per ounce by the close of 2025.
These predictions reflect a broad consensus that gold will continue to be an attractive investment as global risks mount, reinforcing its role as a safe-haven asset in turbulent times.
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