MKS PAMP expert raises gold price forecast for 2025

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. Given the threat of higher global trade tensions, she predicts an even more significant rise in the prices. However, her outlook for silver was downgraded. Kitco News shares the expert's opinion on the matter.

Nicky Shiels originally assumed an average gold price of $2,750 per ounce for 2025. She has now raised this estimate to $2,950. Meanwhile, the current price of the yellow metal has surged past $3,000.

As for silver, Nicky Shiels’ updated forecast suggests an average price of $34.5 per ounce this year. While investment demand for the white metal remains quite strong, the level of its industrial consumption is expected to drop due to a slowdown in the global economy.