The Australia and New Zealand Banking Group (ANZ) predicts gold to hit $3,600 per ounce by the year-end. The bank has also upgraded its price forecast for the next 6 months from $3,200 to $3,500 per ounce.
The Australia and New Zealand Banking Group (ANZ) predicts gold to hit $3,600 per ounce by the year-end. The bank has also upgraded its price forecast for the next 6 months from $3,200 to $3,500 per ounce.
Global trade uncertainty is driving up the price of gold as the main safe haven asset. Last week, the precious metal reached a new record high, consolidating above $3,200 per ounce. Between April 4 and 11, gold gained 6%, marking its biggest weekly jump since March 2020, according to Kitco News.
Gold prices on Monday retreated from the record high of $3,245 an ounce reached earlier in the morning session.
A decrease of the indicator value may contribute to the fall in quotes of Gold.
Swiss bank UBS has revised its gold price forecast upward, projecting the metal will reach $3,500 per ounce in 2025. Bank strategist Joni Teves cites the precious metal’s growing role as a safe-haven asset amid trade uncertainty, geopolitical risks, and slowing global economic growth.
The World Gold Council (WGC) reports rising demand for gold as investors grow increasingly concerned about a potential US economic slowdown and a surge in inflation.
Since Donald Trump's inauguration, tokenized gold has emerged as one of the fastest-growing sectors in crypto, with its market capitalization rising 21%, according to a CEX.IO report.
On Friday, gold broke through the significant threshold of $3,200 per ounce for the first time, reaching a new all-time high. This surge was boosted by the escalating trade confrontation which led investors to seek safe-haven assets.
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.
Unprecedented global uncertainty supports rising gold prices. As a safe-haven asset, it keeps attracting investors, and experts forecast further increases in the precious metal’s value. So, Nicky Shiels from MKS PAMP has revised her expectations for gold prices in 2025 upward.
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.