Michael Sutton
The agency reports that Donald Trump has "stunned markets" with the potential implementation of tariffs, which could hinder economic growth, lead to inflation, and disturb global trade. Simultaneously, investors are expected to seek "strong safety" in gold, and central banks will probably keep increasing their reserves, analysts referenced by Bloomberg noted.
The specialists additionally increased their prediction for the average gold price in 2025 by $100, reaching $2900 per ounce. "Citigroup indicated that the bullish trend in gold is likely to persist with Trump 2.0."
A report from the World Gold Council (WGC) indicates that in 2024, worldwide demand for gold reached an all-time peak due to central bank acquisitions and increased investor interest. Demand increased by 1% last year, reaching a maximum of 4,974 tons. The overall demand value peaked at $382 billion due to elevated gold prices and purchasing volumes. Worldwide investment demand increased by 25% compared to the previous year, reaching 1,180 tons.
source: bloomberg.com
The specialists additionally increased their prediction for the average gold price in 2025 by $100, reaching $2900 per ounce. "Citigroup indicated that the bullish trend in gold is likely to persist with Trump 2.0."
A report from the World Gold Council (WGC) indicates that in 2024, worldwide demand for gold reached an all-time peak due to central bank acquisitions and increased investor interest. Demand increased by 1% last year, reaching a maximum of 4,974 tons. The overall demand value peaked at $382 billion due to elevated gold prices and purchasing volumes. Worldwide investment demand increased by 25% compared to the previous year, reaching 1,180 tons.
source: bloomberg.com