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Macquarie Hikes 2025 Gold Price Forecast; Gold Prices May Reach US$2.8K in 2Q25
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Macquarie commented in its report that gold prices have the potential to rise next year and may even notch new highs, as the Fed continues to cut interest rates and central banks worldwide add their gold reserves. The broker expected that the average gold price will be US$2,650 per ounce in 1Q25, up 1.9% from the previous forecast, and reach US$2,800 per ounce in 2Q25, up 12% from the previous forecast. Gold prices may face challenges in 1Q25 due to a stronger US dollar, but are expected to continue their upswings thereafter, with the potential to quickly test US$3,000 per ounce if demand from China rebounds or if policies from US President-elect Donald Trump potentially worsen the US fiscal outlook, according to the report. AAStocks Financial News |
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