Last year, the price of gold started at a low of around $2,000 and rose to a peak near $2,800. It was almost a steady upward trend. This increase was influenced by geopolitical risks and China resuming its gold purchases. Central banks in many countries also increased their gold purchases as part of their foreign currency reserves.
The rise in geopolitical risks, such as those involving Ukraine and Israel, had a significant impact. This trend is expected to continue. Additionally, the global uncertainty brought by the new Trump administration starting this January is also likely to encourage gold buying.
There are even rumors that President Trump, dissatisfied with the Federal Reserve’s policies, might seek to dismantle the institution. If this happens, trust in the US dollar could decrease, leading to higher demand for gold as an alternative currency.
In any case, there is a high chance of chaotic conditions spreading. Since gold’s price increased by about $800 last year, it is expected that it could rise by a similar amount this year, potentially surpassing $3,200.
2025 Gold Price Forecast Range: $3,200–$2,400
Note: The above information does not guarantee profits. Please make your own decisions when trading.