Gold Price Rally Expected to Continue This Year
Gold is expected to continue its rally in 2025, driven by dovish global central bank policies, geopolitical risks and stubborn inflation, said Alex Chiu, senior strategist at Value Partners.
Strong investment flows, resilient Asian consumer demand and continued central bank buying will likely offset potential headwinds from an aggressive shift in U.S. monetary policy, Chiu said.
With the macroeconomic outlook clouded by recession risks and policy uncertainty, gold’s appeal as a safe haven and inflation hedge will sustain its gains into 2025 and beyond, he added. Spot gold was last at $2,751/oz.
Source: Bloomberg