A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
Bank of America (BofA) continues to maintain a bullish outlook for gold, despite the lack of significant upward momentum amid tensions in the Middle East. A group of analysts led by Michael Widmer estimates that the precious metal has every chance of reaching $4,000 per ounce.
Citi forecasts the yellow metal’s prices to return to the range between $2,500 and $2,700 an ounce by the second half of 2026. The decline may be caused by weakening investment demand for gold at the end of this year and next year.
According to Bloomberg data, gold prices are holding near record highs amid escalating tensions between Iran and Israel. The price of the metal has slightly decreased after an initial rise on Monday, trading around $3,410 per ounce.
Xiao Han, General Manager of Zhishui Investment Co., shared his prediction for gold prices in the second half of 2025. He thinks the lowest point for the precious metal during this time will be around $3,000. Meanwhile, the resistance level will be close to $3,800.
Gold prices surged last week as renewed conflict in the Middle East reignited demand for safe-haven assets. According to Kitco News, the precious metal soared past $3,400 per ounce, nearing new all-time highs.
The cost of gold exceeded $3,400 per ounce, but continues to fluctuate below the April’s historical high of $3,500 per ounce.The asset maintains a significant advantage in the precious metals sector due to the declining appeal of the US dollar and large-scale purchases by central banks.
A decrease of the indicator value may contribute to the fall in quotes of Gold.
An increase of the indicator value may contribute to the fall in quotes of Gold.
An increase of the indicator value may contribute to the rise in quotes of USD and the fall in quotes of Silver, Gold.
A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
Gold is not just glitter and beauty, but also a key asset in the financial sector.
Gold appears to be something more than just a metal. It is an indicator of economic stability and a tool for managing finances.
Staying up-to-date with the latest gold news is a key to successful management of your funds.