Gold Price News: USD 2,658 - Positive forecasts and market movements

The price of gold was quoted at USD 2,658 per troy ounce on January 02, 2025, a slight increase on the previous day. Analysts attribute this development to the continued demand for safe investments and the uncertainties in global economic policy.

Experts are forecasting a further rise in the price of gold in 2025. Bank of America expects gold to reach the USD 3,000 per ounce mark, supported by global debt and economic uncertainty. Goldman Sachs also shares this view and sees increased demand from central banks as a key driver of the gold price.

The monetary policy of central banks - in particular the US Federal Reserve (Fed) - remains a decisive factor for the development of the gold price. Rising interest rates could reduce the attractiveness of gold, while a loose monetary policy would support the precious metal. In addition, geopolitical tensions and the demand for “green gold” due to sustainability efforts could influence the market.

The gold price is currently trading in a narrow range above the USD 2,600 mark. Analysts see this consolidation as a possible signal for an imminent upswing. Important resistance levels are seen at USD 2,715 and USD 2,790, while support lies at USD 2,600.

The outlook for the gold market in 2025 remains positive. Analysts expect the combination of monetary policy decisions, geopolitical risks and increased demand from central banks to continue to support the gold price. However, investors should monitor developments closely, as challenges such as a strong US dollar and possible interest rate hikes could also have an impact on the market.