Gold prices are expected to reach a peak of $3,290/ounce in 2025, according to the annual survey results of the London Central Market Council (LBMA).
Kitco News reported that according to the LBMA report, the average world gold price in 2025 is expected to reach 2,736.69 USD/ounce, 14.7% higher than the average in 2024 (2,386.20 USD/ounce).
While no expert has predicted an average price of over $3,000, 20 analysts believe that gold could reach a high of $3,000 or more.
The forecast trading range for gold this year ranges from $2,250 (lowest) to $3,290 (highest), with a trading range of up to $1,040 USD. This reflects high expectations for strong fluctuations in the gold market in 2025.
Keisuke (Bill) Okui, an expert at Sumitomo Corp, gave the most optimistic forecast with an average price of 2,925 USD/ounce. Meanwhile, Robin Bhar, an expert at Robin Bhar Metals Consulting, gave a more cautious forecast, at an average of $2,500.
The three main factors affecting gold prices in 2025 are experts, including the policy of the US Federal Reserve Fed (28%), demand for gold from central banks (21%), and geopolitical risks (15%).
The Fed's monetary policy plays an important role, as any move to increase or decrease interest rates can directly affect the attractiveness of gold. If interest rates fall or the Fed maintains a loose stance, gold will become more attractive as an alternative investment asset. Conversely, tightening monetary policy could put downward pressure on gold.
Demand from central banks is also a major driver. Countries, especially emerging markets, are expected to continue to reserve gold to protect the value of foreign exchange reserves in the context of escalating geopolitical instability.
In times of uncertainty, gold has always maintained its position as a safe haven asset. From February to March 2024, as conflicts in Ukraine and the Middle East escalated, gold prices increased by 8%, from $2,045.85 to $2,214.35/ounce.
Grant Sporre of Bloomberg commented: "geopolitical instability, along with unpredictable policies from big leaders, especially in the US, will continue to prompt central banks to buy more gold."
Chantelle Schieven of Capitalight Research predicts that the average gold price will reach 2,875 USD/ounce, emphasizing that the factors supporting gold prices in 2024 will continue to last until 2025.
Meanwhile, expert Nicky Shiels from PAMP SA Price List predicts an average price of 2,750 USD, with high expectations for a weakening of the USD and interest rate easing moves from central banks.
In 2025, gold prices are not only a story of numbers but also reflect the great fluctuations from the global economic and political picture. Let's wait and see if gold can reach a new peak of $3,290/ounce.
