Average gold price forecast for 2025 rises to $3,065 — Reuters poll

Six months ago, $3,000 per ounce seemed like a distant dream for gold. But now, that very level has become the baseline scenario of precious metals experts. According to the latest Reuters survey, analysts are for the first time predicting an average annual price above $3,000. In just three months, the median forecast for this year has surged from $2,756 to $3,065.

The outlook for 2026 has also been revised upward—from $2,700 to $3,000 per ounce. Survey respondents cite geopolitical tensions and de-dollarization as key growth drivers. Reuters notes that in 2025, the precious metal has already gained over 25%, nearly matching the 27% surge recorded in 2024.

Even after pulling back from its all-time high near $3,500, gold is expected to maintain its appeal as a save-haven asset, analysts say, given the uncertainty around US tariff policy and difficult trade negotiations.

As for silver, its average price forecast for 2025 remains unchanged at $33.10 per ounce. However, its 2026 outlook has been revised upward from $33.45 to $34.58 due to structural deficits and the global shift to green energy.