The recent gold bull market has analysts examining the possibilities that the metal could reach even higher prices as the market deals with a series of positive circumstances for this objective. Some believe gold prices can register $3,000 numbers and beyond in 2025, powered by an uncertain climate, strong central bank demand, and the expected Federal Reserve interest rate cuts.

Aakash Doshi, head of commodities, North America at Citi, believes that gold might reach the $3,000 milestone by mid-2025, and $2,600 by the end of this year. For Doshi, the key elements for this rise to solidify are a rising demand from gold exchange-traded funds (ETFs), and over-the-counter (OTC) physical demand.

Peter A. Grant, vice president and senior metals strategist at Zaner Metals, said that the state of the labor market, and the possibility of a large rate cut by year-end might also be key in reaching the $3,000 level.

Other non-traditional factors might also be supporting the bull run. Joseph Cavatoni, World Gold Council’s market strategist, stated:

We’re also evaluating other factors stirring up demand from the Western investor, including the upcoming US election arguably adding to the uncertainty and gold serving as a hedge against immediate event risks.

In this regard, Adam Hamilton, the founder of Zeal Intelligence, also assesses that the re-entrance of American investors to the gold market due to the artificial intelligence (AI) and stock market bubble burst will spur prices over $2,950 and even beyond that number.

Alleged covert purchases of gold by Saudi Arabia and China might also influence this rally.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。