Gold just saw its biggest yearly gain since 2010 — here's why Wall Street says prices will go even higher

Published On Jan 2, 2025, 2:37 PM

Gold has experienced its largest annual increase in over a decade, with prices surging above $2,670 per ounce. Wall Street analysts, including those from JPMorgan and Goldman Sachs, predict further price increases in 2025, potentially reaching $3,000 or even $3,050. Factors driving this optimism include anticipated interest rate cuts by the Federal Reserve and sustained purchases of gold by foreign central banks as a hedge against economic instability. Sticky inflation and various proposed policies under the new administration also contribute to the bullish outlook on gold as more retail investors may enter the market for wealth preservation.