Gold Price Forecast 2025: Will the Rally Continue to New Record Highs?
Gold is trading near $4,000 per ounce after hitting a record $4,378 in late October, up about 50% year-to-date. HSBC forecasts gold at $4,600 by end-2025, while ANZ sees $4,400; some analysts warn of a pullback to $3,000 if the economy strengthens. The rally is fueled by inflation, rate cut expectations, global conflicts, and a weaker dollar. Technical support sits near $3,900, with resistance at the recent peak.