Gold News

State Street Global Advisors (SSGA) predicts that gold prices could climb to $5,000 per ounce within the next few years. Such an increase will be largely driven by sustained central bank gold purchases and renewed demand for bullion-backed exchange-traded funds (ETFs).

Peruvian authorities forecast that the country's copper production will reach 2.8 million tons this year, which is slightly higher than last year's figure of 2.7 million tons. This increase will be driven by investments in the mining industry totaling $4.8 billion.

Central banks have become a major driver behind gold's record price surge. While their exact purchases remain undisclosed, there are no signs of this trend slowing down, Bloomberg reports.

According to FXEmpire.com, the US economy is experiencing a period of growth. For this reason, Wall Street investors have developed a new gold-trading strategy called TACO (Trump Always Chickens Out).

American entrepreneur Robert Kiyosaki shared his investment recommendation for 2025 with Finbold. He advises traders to take a closer look at silver. The asset is far below its historical peak but has enormous growth potential, while gold and bitcoin are approaching all-time highs.

According to Kitco News, the gold market has significant upside potential driven by economic uncertainty and geopolitical instability. However, Michele Schneider, chief market strategist at MarketGauge, highlights promising opportunities in silver.

According to precious metals analysts at Heraeus, US President Donald Trump’s trade tariffs will continue to drive bullion prices up. In a recent report, the company’s experts noted a decline in physical gold sales.

According to the Bank of America (BofA) model, market participants remain bearish on the dollar, particularly against the euro and the British pound.

Gold may seem overbought to traders right now, but it’s actually under-owned. This is evident from the extremely low total open interest on the CME, which is hovering near multi-year lows at just 425,000 contracts, according to TDS’s Daniel Ghali.

Gold’s record premium over the Bloomberg Industrial Metals Index, the widest since 1991, could be a warning sign for the global economy, says Bloomberg Intelligence strategist Mike McGlone. While gold has risen 40% in the past year, prices for industrial metals have fallen about 10%.