The Australia and New Zealand Banking Group (ANZ) predicts gold to hit $3,600 per ounce by the year-end. The bank has also upgraded its price forecast for the next 6 months from $3,200 to $3,500 per ounce.
According to the WGC, gold prices both in China's domestic market and international one steadily climbed towards new record highs in Q1 of 2025. The rally gained significant momentum in March. Kitco News noted increasing inflows into gold-backed ETFs and cooling jewelry demand in China.
After reaching a record high on Monday, the price of gold rushed to another peak. On Wednesday, it hit a new all-time high near $3,275 per ounce. According to Bloomberg, the US President's unpredictable tariff policy keeps alarming the markets and stimulating demand for safe-haven assets.
Gold prices are on the rise amid continued uncertainty over Donald Trump's trade tariffs. Experts at Heraeus predict that the precious metal could find further support if the Federal Reserve decides to ease its monetary stance.
A decrease of the indicator value may contribute to the rise in quotes of Gold.
The USD publication is expected
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