Gold price could extend record run into 2025, Heraeus says
me-metals: Gold could extend its record run into 2025 as further interest rate cuts from major central banks and the prospect of a weaker dollar will boost demand for the safe-haven asset, Heraeus Precious Metals said on Tuesday.
According to me-metals cited from mining.com, Heraeus expects gold prices to range from $2,450 to $2,950 per ounce in 2025, influenced by continued buying by major central banks, albeit in lesser quantities than in 2024, geopolitical risks in Ukraine and the Middle East.
Gold, often used as a safe store of value during times of political and financial uncertainty, tends to appreciate on expectations of lower interest rates, which reduce the opportunity cost of holding the non-yielding asset.
“If the Chinese government’s economic stimulus measures boost the economy, China and India could provide a solid basis for gold demand in 2025,” the company said in a report.
China’s central bank resumed buying gold for its reserves in November after a six-month pause, official data by the People’s Bank of China (PBOC) showed on Saturday.
“With the return of Donald Trump as US president, there is likely to be more uncertainty regarding trade and tariffs, which should also support the gold price,” said Steffen Metzger and Stefan Staubach, who have been leading the precious metals division of Heraeus.
Gold has surged more than 29% this year and is on track for its best annual performance since 2010, driven by central bank interest rate cuts and growing geopolitical tensions.
Heraeus further noted that industrial demand for silver is expected to surge, propelled by the continued growth in solar photovoltaic demand.
The current gold-silver ratio indicates silver’s undervaluation compared to gold, suggesting that silver may outperform gold in late bull markets, with expected prices between $28 and $40 an ounce, the report said.
source: mining.com
Related News
Top News
Wheaton strikes $175m streaming deal for Ethiopia’s first commercial gold mine
SSR to be 3rd-biggest US gold miner with Cripple Creek & Victor acquisition
BHP not fixated on copper growth organically or through acquisitions, exec says
China’s trade reprisals may extend to minerals like rare earths
Torex Gold reports fatalities at Mexican underground mine, shares plunge
Lundin sells European mines to Boliden for up to $1.45 billion
Iamgold cuts Westwood reserves by 17% amid mine plan overhaul
Rattled by China, West scrambles to rejig critical minerals supply chains
China’s central bank resumes gold purchases after six-month hiatus
Glencore ties up with Cyclic Materials in copper recycling push
Zimbabwe wants 26% free-carry stake in new mining projects
Trump tariff risk roils gold and silver as New York prices jump
Mali arrests, Niger site seizure rattle Western miners
South32 eyes Alaska’s copper under potential Trump policy changes
Lithium supply surplus set to stay with battery makers’ help
Gold price could extend record run into 2025, Heraeus says
Copper price jumps on China policy, but we’ve been here before
El Salvador sitting on $3 trillion worth of unmined gold, president says
Lundin sells European mines to Boliden for up to $1.45 billion
Gold price could extend record run into 2025, Heraeus says
Glencore ties up with Cyclic Materials in copper recycling push
Zimbabwe wants 26% free-carry stake in new mining projects
Trump tariff risk roils gold and silver as New York prices jump
Mali arrests, Niger site seizure rattle Western miners
South32 eyes Alaska’s copper under potential Trump policy changes
Lithium supply surplus set to stay with battery makers’ help
Copper price jumps on China policy, but we’ve been here before
Lundin sells European mines to Boliden for up to $1.45 billion