The gold price remains a sought-after investment object for investors, despite short-term fluctuations, especially in light of the challenges posed by rising national debt and possible changes in US tax policy. These factors contribute to undermining confidence in traditional investments and making gold more attractive as a safe haven.
Current Gold Price and Development
On Friday morning, the gold price was at 3326 USD, representing a slight decline of -0.38% within the last 24 hours. However, in recent weeks, the gold price has shown an overall positive trend. On May 22, 2025, the price rose to 3337 USD, marking the highest level in over a week. This increase was driven by the downgrade of the credit rating of the USA by Moody’s and the associated economic uncertainty.
Factors Influencing the Gold Price
- Economic Uncertainty and Inflation: In times of economic uncertainty and rising inflation, gold is seen as a safe haven and inflation hedge. US inflation was at 2.3% in April 2025. These factors lead investors to prefer gold as an investment option.
- National Debt and Tax Policy: The rising national debt and possible changes in US tax policy undermine confidence in traditional investments. This leads investors to look for alternative investment forms, with gold being an attractive option.
- Geopolitical Uncertainty: Geopolitical tensions and uncertainties can also influence the gold price. During such times, investors often seek safe investments, which drives up the gold price.
- Central Bank Purchases: Central banks regularly buy gold to strengthen their reserves. This demand can also positively influence the gold price.
Gold Price Forecasts
Long-term forecasts indicate that the gold price could rise to up to 8,900 USD by 2030 due to geopolitical uncertainty and central bank purchases. In the short term, the gold price will continue to be influenced by economic and political developments. In May 2025, the average price was around 3328 USD, with a peak of 3555 USD.
In summary, gold remains an attractive investment option for investors due to its properties as a safe haven and inflation hedge, especially in times of economic and political uncertainty.