Yahoo Finance: Gold Just Saw Its Biggest Yearly Gain Since 2010 - Here's Why Wall Street Says Prices will Go Even Higher
Article by ines Ferre in Yahoo Finance
Wall Street analysts expect gold's rally to keep going in 2025 after the precious metal saw its biggest annual jump in 14 years.
On Thursday, gold futures jumped more than 1% to hover above $2,670 an ounce, their highest level since mid-December, as investors welcomed a new year with expectations of at least a couple more Federal Reserve interest rate cuts and more bullion purchases by foreign central banks.
Although the precious metal's rally stalled following Donald Trump’s White House victory in November, gold still closed out the year with a gain of over 27%, beating the S&P 500's gain of more than 23%.
Heading into 2025, JPMorgan analysts wrote, “We maintain our multi-year bullish outlook on gold for a third year in a row,” adding ......