Gold to lead in price growth among precious metals in 2025 — World Bank

World Bank analysts have revised their 2025 gold price forecast upward. Initially, the organization anticipated rather flat price action this year compared to 2024, but now it expects further increases. Due to Donald Trump's unpredictable trade policy, this safe-haven asset is gaining popularity. Gold managed to surpass the level of $3,500 per ounce amid global economic uncertainty, setting a new record.

According to the World Bank's updated forecast, gold is expected to outpace silver in terms of price growth this year. The average price of the yellow metal is projected at about $3,250, which is 36% higher than in 2024. The organization believes that the asset will maintain the current upward trend for at least two more years. And next year its average price is expected to be around $3,200.

The World Bank warns that sudden economic shocks or escalating trade tensions could push gold prices even higher than projected. While the organization maintains its growth expectations for silver, it acknowledges that the white metal will likely take a backseat to gold.