Wall Street analysts expect the price of gold to rise further in 2025, although the pace of increase may slow after surging 27% in 2024. According to the average forecasts of the banks and alchemists surveyed, the price of gold is expected to rise to around 2,795 US dollars per ounce by the end of this year. This is about 7% higher than the current level. Gold is expected to continue to benefit from global central bank gold buying activities. Interest rate cuts by the Federal Reserve, concerns about rising US government debt levels under Trump, and the conflict between the Middle East and Ukraine are also expected to push up the price of gold. The most optimistic forecast from the surveyed institutions comes from Goldman Sachs. The bank expects the price of gold to reach 3,000 US dollars by the end of 2025. Supporting factors include central bank demand and the Fed's interest rate cut expectations. The most pessimistic predictions come from Barclays and Macquarie. They both expect the price of gold to fall to around $2,500 by the end of this year, down about 4% from current levels.

Wall Street analysts expect the price of gold to rise further in 2025, although the pace of increase may slow after surging 27% in 2024. According to the average forecasts of the banks and alchemists surveyed, the price of gold is expected to rise to around 2,795 US dollars per ounce by the end of this year. This is about 7% higher than the current level. Gold is expected to continue to benefit from global central bank gold buying activities. Interest rate cuts by the Federal Reserve, concerns about rising US government debt levels under Trump, and the conflict between the Middle East and Ukraine are also expected to push up the price of gold. The most optimistic forecast from the surveyed institutions comes from Goldman Sachs. The bank expects the price of gold to reach 3,000 US dollars by the end of 2025. Supporting factors include central bank demand and the Fed's interest rate cut expectations. The most pessimistic predictions come from Barclays and Macquarie. They both expect the price of gold to fall to around $2,500 by the end of this year, down about 4% from current levels.