Gold Price Outlook for 2025: Will We See Another Record-Breaking Year?
- Gold flourished in 2024 as the preferred safe-haven asset, rising by approximately 25% and hitting an all-time high.
- Geopolitical events and Donald Trump’s policies are anticipated to impact gold prices in 2025.
- However, the technical outlook for gold suggests a potential slowdown in bullish momentum as the new year begins.
Gold thrived in 2024, fueled by rising geopolitical tensions and a global move toward more accommodative monetary policies. It reached a record high of $2,790 and gained approximately 25% over the year. However, the uncertainty surrounding the potential effects of US President-elect Donald Trump’s policies on the global economy, combined with ongoing geopolitical unpredictability, creates a more uncertain outlook for the precious metal in 2025.
Gold in 2024: Geopolitical Tensions and Central Bank Purchases Drive Rally to Record Highs
Gold began the year on a subdued note, trading within a narrow range of around $2,000 during January and February. Investors were cautious, avoiding significant positions while monitoring geopolitical developments and evaluating how macroeconomic trends might influence the Federal Reserve’s (Fed) policy outlook.
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