Gold Prices Poised for Further Gains in 2025
The precious metals market is expected to experience further gains in gold prices due to economic policy uncertainty, geopolitical tensions, and aggressive central bank purchases, pushing the asset to an all-time high of $2,942.70 per ounce. Analysts have revised their forecasts, with UBS predicting a peak at $3,200 per ounce later this year before stabilizing, while Goldman Sachs has increased its year-end projection to $3,100 per ounce. The growing demand for gold as a safe-haven asset is also contributing to the upward trend in prices.
- As the precious metals market continues to be driven by economic and geopolitical uncertainties, investors may increasingly turn to alternative assets such as cryptocurrencies or other commodities, potentially shifting the market's dynamics.
- How will the increasing popularity of ESG investing among institutional investors impact the demand for gold and other precious metals in the long term?