Gold prices likely to rise further in 2025 as central banks lead the charge amid diversification efforts

Jan 10, 2025

Article from Global Times by GT Staff Reporters

Article Synopsis

The global gold market saw its strongest performance in over a decade, with prices surpassing $2,000 per ounce in early 2024 and reaching record highs above $2,700. Analysts predict the bullish trend will continue through 2025, with prices potentially reaching $3,000–$3,250 per ounce. Central banks remain key drivers of demand as they diversify reserves amid economic uncertainty, geopolitical tensions, and rising de-dollarization efforts.
China, Poland, and Singapore led recent gold purchases, contributing to record-high central bank acquisitions. Slowing US economic growth, fiscal deficits, and inflationary pressures are expected to sustain gold’s appeal as a hedge. However, individual investors are urged to remain cautious, given potential market volatility and high price levels.

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