Global Times: Gold Prices Likely to Rise Further in 2025 as Central Banks Lead the Charge Amid Diversification Efforts
Article by Global Times
The global gold market recorded its best performance in more than a decade last year. Analysts expect the rally is likely to continue through 2025, driven by multiple bullish factors.
Central banks, in particular, are expected to be the dominant buyers of gold as they seek to diversify their reserves amid an increasingly complex global environment.
After breaking the $2,000 per ounce mark at the beginning of 2024, gold prices have set a stream of record highs, briefly exceeding $2,700. In the first week of 2025, gold prices remain strong, hovering above $2,600 per ounce.
Investment banks have issued optimistic forecasts for gold, offering upbeat projections.
Under a neutral assumption, the COMEX gold futures price may climb to $3,175 per ounce by mid-2025, with .....