The gold price is showing a strong upward movement as the US dollar loses strength. This development is of great significance for private investors as it increases the attractiveness of gold as a safe haven. Here are some important points that clarify this dynamic:
Gold Price Development 2025
- January 2025: The gold price started the year at around €81.48/gram and rose to €83.23/gram on the second day.
- April 2025: The gold price experienced a sharp correction, falling from €2,889.85/oz to €2,721.30/oz, before recovering and breaking the March highs at €2,931.93/oz on April 16. The price reached a monthly high of €2,975.42/oz on April 22.
- May 2025: The gold price per fine ounce averaged around $3,281.
- Current Status (June 9, 2025): The gold price ranged between €2,886.07 and €2,921.73 in euros and between $3,295.27 and $3,337.97 in US dollars.
US Dollar and Gold Price
The decline of the US dollar increases the attractiveness of gold as an investment. When the dollar weakens, the gold price often rises because gold is traded in US dollars and a weaker currency increases the price of gold in dollars. This makes gold an attractive safe haven for investors who want to protect themselves from currency fluctuations.
Significance for Private Investors
This development is of great importance for private investors as it affects the returns on their investments. When the gold price rises, investors who have invested in gold can benefit from these price increases. Additionally, gold offers a stable alternative for portfolio diversification during times of economic uncertainty or with a weak currency like the US dollar.
Forecasts and Outlook
The forecasts for the gold price are positive as it is in an upward movement. Experts expect that the gold price may continue to benefit from the weakness of the US dollar, making it an attractive investment option. However, there are also support and resistance levels that could influence the future price. Important supports are around $3,289 and $3,127, while resistances are expected at $3,403 and $3,500.