World Bank expects gold prices to rise 35% in 2025

Analysts at the World Bank project gold prices to pick up over the next 18 months, while silver is also expected to rise further in 2025 and 2026. 

They believe economic uncertainty and geopolitical risks will keep demand for the yellow metal high in the near term. Gold prices will grow by about 35% year-on-year in 2025 but will decline slightly in 2026. At the same time, they are projected to be around 150% higher than their 2015–2019 average.

Analysts at the World Bank also forecast silver demand to remain steady due to the metal’s role as an industrial input and a safe-haven asset. Economic and geopolitical uncertainty could boost silver’s appeal among investors. Robust demand could drive the metal's price up 17% year-on-year in 2025, with silver expected to gain another 3% in 2026.

According to the World Bank, global output of the metal will rise this year due to expanding mine production. However, recycling, which accounts for about 20% of global supply, is forecast to remain flat.