The gold price has significantly increased in recent months and has established itself as a stable anchor in a volatile market. This rise is driven by several factors, which are explained below.
Factors influencing the gold price
Geopolitical tensions
Conflicts such as the war in Ukraine and tensions between the USA and China contribute to uncertainty and make gold more attractive as a hedge.
Low interest rates
The continued interest rate reduction policy of the US Federal Reserve decreases the attractiveness of interest-bearing investments and strengthens the demand for gold.
Demand from central banks
Countries like China, India, and Turkey are expanding their gold reserves to counter currency devaluations.
Currency fluctuations
A weaker US dollar makes gold cheaper for buyers in other currencies and can increase global demand.
Current gold price development
The gold price reached a new all-time high of over $3,000 per ounce in March 2025. Experts expect that prices could continue to rise, with forecasts averaging between $2,750 and over $3,000.
Gold as a safe haven
In times of economic uncertainty, gold attracts investors looking to protect their wealth.
Outlook until 2026 and beyond
In the medium term, the gold price could rise to over $3,600. Long-term forecasts see the price reaching between $5,000 and $7,000 by 2050, underscoring the stability of gold in uncertain times.