Gold News

This year, gold has gained nearly 30% against the dollar. Confidence in the US currency continues to erode amid trade conflicts. According to ReSolve Asset Management, this trend will maintain interest in gold.

Global central banks expect their gold reserves to increase and their dollar holdings to decline over the next five years, according to a World Gold Council (WGC) survey.

Demand for the precious metal in China cooled last month. According to the World Gold Council, 99 tons of the yellow metal were withdrawn from the Shanghai Gold Exchange in May. That amount shrank by 35% compared to April.

Prominent analyst Adrian Day of Adrian Day Asset Management predicts a major surge in gold prices as the US debt crisis looms. He warns that the Department of the Treasury is grappling with severe challenges due to its inability to raise the debt ceiling.

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.