Gold prices witnessed a significant increase today, January 22, 2025, as the price of an ounce reached $ 2,748. This increase comes in the context of a series of increases witnessed by the yellow metal during the recent period.
Factors affecting the rise in gold prices:
- US trade policies: After the inauguration of President Donald Trump, concerns increased about the imposition of new customs tariffs, which led to a decline in the US dollar. This decline prompted investors to resort to gold as a safe haven, which contributed to the rise in its prices.
- Major banks’ expectations: Major banks expect the upward trend in gold prices to continue during 2025, supported by large inflows into exchange-traded funds and expected interest rate cuts by central banks, including the US Federal Reserve. The forecast indicates that the price of an ounce could reach $2,900 by early 2025.
- Increasing demand from central banks: Central banks, especially in emerging economies, continue to diversify their gold reserves, boosting demand for the yellow metal.
Future forecast:
According to experts’ forecasts, gold may continue to achieve new record levels, with the price expected to reach $3,000 per ounce by the end of 2025. These forecasts are based on factors such as expected interest rate cuts and increased demand from central banks.
Conclusion:
The gold market is currently showing a strong upward trend driven by multiple economic and geopolitical factors. This trend is expected to continue under current monetary and trade policies, making gold an attractive investment for investors seeking a safe haven.