Gold is on a remarkable growth trajectory, with analysts forecasting that the yellow metal could breach the $3,000 mark by 2025.
The metal’s impressive rally follows a historic price growth streak in 2024, marked by significant quarterly gains that have set the stage for a record-breaking year.
Precious metals forecasting platform GoldPredictors, in a recent post on X, highlighted that gold is on track for its largest annual increase of over $500.
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With robust market demand and ongoing geopolitical uncertainties fueling its momentum, analysts now consider $3,000 a realistic target for 2025. This sustained growth reinforces gold’s reputation as a reliable safe-haven asset in volatile markets.
Gold on track to $3,000
Adding to the bullish sentiment, analyst RLinda has highlighted gold’s recent breakout from a prolonged consolidation phase.
The metal, currently trading at $2,707, has successfully held above the critical $2,688 support level, a key zone for maintaining bullish momentum. Bulls have defended this area strongly amid heightened buying activity, setting their sights on the next resistance levels at $2,705 and $2,720.
RLinda identifies $2,720 as a significant liquidity area, with a breakout above this level potentially paving the way for further gains and reinforcing gold’s upward trajectory as it targets $3,000 in the long term
However, RLinda cautions that the upcoming U.S. CPI data could introduce sharp volatility, potentially triggering a breakout above $2,720 or a correction toward lower support levels, depending on how the market reacts to the inflation report.
Geopolitical dynamics and fundamental factors drive surging gold demand
Gold’s ongoing ascent has been supported by significant geopolitical events, such as the regime change in Syria and China’s increased gold purchases, both of which have amplified demand for safe-haven assets.
Analysts remain upbeat about the metal’s prospects. Bloomberg Intelligence Commodity Strategist Mike McGlone has suggested that persistent geopolitical uncertainty could drive gold prices to $3,000 by 2025, as reported by Finbold.
Goldman Sachs (NYSE: GS) has echoed this optimism, forecasting that gold could hit $3,000 within the next two years, citing U.S. fiscal challenges, rising geopolitical tensions, and strong central bank demand as key drivers.
However, the investment bank has also highlighted risks that could limit gains. A slower pace of Federal Reserve rate cuts could weigh on the rally, with the banking giant estimating that prices might peak at $2,890 per ounce by the end of 2025.
As the market navigates the interplay of these factors, the yellow metal remains a compelling option for those seeking stability in uncertain times.
Featured image via Shutterstock
