Gold Price Surpasses $2000: Rally to $2500 and Beyond in Play?

The price of gold has exceeded the significant $2025 benchmark, sparking intense interest and speculation about its future trajectory. In a week that saw 10 central bank meetings around the globe, gold prices surged to new record highs.

Gold prices continued their run-up to record highs nearing $2,200/oz, sparked by expectations of lower U.S. interest rates and persistent demand from Chinese households. Continuing it’s incredible year of record breaking, gold hit a new historic milestone Friday, breaching $2,500 per ounce spot price for the very first time.

Gold surpassed $2,500 per ounce for the first time in history on Friday in the wake of rising geopolitical tensions and new data indicating a weakening US economy. Gold’s rally is supported by robust demand from various sectors, fueled by the perception that the rally is being driven by market sentiment that gold will hold its value better than other assets, amid fallout from COVID-19, central bank stimulus, inflationary pressures, and global uncertainties.

Gold passes €2025 an ounce level: What's the continuing allure? Why is gold so attractive in today's market? Technical analysis suggests that this could indicate a sustained rally for the precious metal. This surge in prices has led analysts to revise their forecasts, with some now expecting gold to reach $2,600 by mid-2025. 2025 has seen significant gains for gold, and investors are closely watching to see if the rally will continue.