Gold set to rally further this year, say Wall Street banks

The price of gold is set to rise further in 2025, say Wall Street analysts, although the pace of gains is likely to slow after last year’s bumper 27 per cent rally. Gold is expected to climb to about …

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Why Wall Street Sees Gold Prices Hitting $3,000 Next Year

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Dec 30, 2024 · Gold is wrapping up a banner year, and commodity analysts at major banks say it could rally further in 2025, reaching $3,000 a troy ounce. They point to drivers such as …

wsj.com

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Big Banks Expect Gold's Rally To Continue In 2025 | Money

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Dec 4, 2024 · While Wells Fargo’s price target isn’t as exciting as the other banks, it’s still higher than gold’s 10.2% annualized return over the past 20 years. It’s also higher than gold’s five-, …

money.com

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Gold Hit Record Highs This Year As Real Yields Climbed. Here's Why …

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Dec 2, 2024 · A gold rush by central banks could lift prices as high as $2,900 by the end of 2025, Wells Fargo Investment Institute says ... Central banks last year already accounted for 23% of …

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Factbox-Most Banks Expect Gold's Bull Run To Persist Into 2025

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Sep 24, 2024 · Non-yielding gold has gained nearly $652 an ounce, or 31.6%, so far this year, putting it on track for its biggest annual rise since 2007 and positioning itself as one of the …

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JPMorgan Chase, Bank Of America And Five Wall Street Giants …

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Oct 4, 2024 · Other Wall Street giants say it is within the realm of possibility for gold to surge to as high as $3,000 next year. JPMorgan analysts believe gold may rally to as high as $2,850 by …

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Gold Prices Extend Losses Due To Light Trading Volumes, Traders ...

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Dec 31, 2024 · Gold prices are set to finish the year with an impressive 27% gain, representing their strongest annual performance since 2010. This rally has been driven by central bank …

fxstreet.com

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Wall Street Confident Gold Will Continue 2024 Rally - MSN

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After a historic year for gold, Wall Street analysts expect the metal to reach approximately $2,795 per ounce by the end of 2025, a 7% increase from current levels. A survey conducted by the ...

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Gold Set To Rally Further In 2025, Say Wall Street Banks

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5 days ago · Gold is expected to continue its upward trend in 2025, with Wall Street analysts predicting a 7% rise in the price of the yellow metal to approximately $2,795 per troy ounce by …

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Gold Under Pressure From High US Bond Yields In Holiday Trading …

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Dec 27, 2024 · So far this year, gold has surged 28%, hitting a record high of $2,790.15 on Oct. 31. The rally was fuelled by the Federal Reserve rate-easing cycle and heightened global …

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FAQs about Gold set to rally further this year, say Wall Street banks Coupon?

Why did gold rally in the second half of last year?

Falling US interest rates have contributed to gold’s rally in the second half of last year, and the pace of further cuts could be crucial to the outlook for the yellow metal. Gold prices pulled back slightly after the Fed lowered rates in December but indicated that borrowing costs will fall more slowly than previously expected in 2025. ...

Is one asset primed to rally in the year ahead?

Generated Image: Midjourney Seven Wall Street giants including JPMorgan Chase and Bank of America (BofA) believe one asset is primed to rally in the year ahead. ...

Will central bank interest be a strong base for buying gold next year?

“We think central bank interest will be a strong base for the buying next year,” said Henrik Marx, global head of trading at Heraeus Precious Metals, which forecast that gold could touch highs of $2,950 per troy ounce this year. He added that Trump’s second presidential term was also likely to be supportive for gold prices. ...

Are ETFS a key to a further rally over fed cutting cycle?

"Strong physical demand from China and central banks supported gold prices over the past two years, but investor flow, and retail-focused ETF builds in particular, continue to hold the key to a further sustained rally over the upcoming Fed cutting cycle," analysts at J.P. Morgan said in a note on Monday. ...

How much will gold sink by the end of the year?

The most bearish forecasts were from Barclays and Macquarie, which both expect gold to sink to about $2,500 per troy ounce by the end of the year — a roughly 4 per cent drop from current levels. ...