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Bloomberg News: Gold May Rise as High as $3,500 in Third Quarter, Macquarie Says

March 13, 2025
Gold May Rise to $3500 by Fall

Article by Yihui Xie in Bloomberg News

Gold’s burgeoning safe-haven allure may see it surge to a record high of $3,500 an ounce during the third quarter, according to Macquarie Group analysts.

Bullion could average $3,150 an ounce over that period, analysts led by Marcus Garvey said in a note.

The precious metal — which was trading around $2,940 an ounce on Thursday — will get further support from concerns about a potentially growing US deficit, they said.

Bullion has risen by 12% this year, driven by uncertainties around geopolitics and .....

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