Physical and exchange-traded funds are expected to drive demand for gold as the risk of a US recession increases. Reuters The company’s chief executive is more optimistic than ever about gold. It has made its third increase this year, increasing its prediction for gold prices to $3,700 an ounce by the end of 2025. Gold’s price on January 1, 2025, was $2,623. By the end of 2025, if gold closes at $3,700, it will have delivered 41%.
According to the company’s head, in a high-risk scenario, gold may reach $4,500/oz by the end of 2025. Gold might conclude 2025 with an incredible 71.5% return, according to this! At $3,200, gold has increased 22% so far in 2025. Today, gold costs Rs 93,280 in India.
He projected in February that the price of gold would hit $3,100 by the end of 2025, when the firm had projected that it would hit $2,890 by that time.
However, what gives them and other gold market participants their optimism? As a recession hedge option, the yellow metal gained appeal as worries about the US economy and the escalating trade war between the US and China increased. It is also anticipated that the gold rise would continue due to central banks’ demand.
