Current Developments in Gold Prices
- Historical Highs: The gold price reached a new historical high of over $2,220 per ounce in the spring of 2025. On June 15, 2025, a price of $3,423 per ounce was even recorded.
- Forecasts for 2025: Analysts from BMO Capital Markets expect that the gold price could rise to as much as $2,850 in the third quarter of 2025. Goldman Sachs forecasts another record rise to around $3,000 per ounce by the end of 2025.
Factors Affecting Gold Prices
1. Demand from Central Banks
Demand from central banks, especially in emerging markets, has increased significantly since 2022. This is due to the shift of their reserves from US dollars to gold.
2. Geopolitical Uncertainties
Geopolitical tensions, such as the Russian invasion of Ukraine and the ensuing sanctions, have led to increased demand for gold.
3. Inflation and Economic Uncertainty
Ongoing uncertainty regarding inflation and economic developments is also driving up the gold price.
4. Speculative Buying and ETFs
Speculative purchases and inflows into exchange-traded gold funds (ETFs) can further heat up the price.
Importance for Private Investors and Savers
For private investors and savers, the development of gold prices is of great significance, as gold is considered a safe investment. The rising demand and forecasts for further price increases make gold an attractive option for diversifying and hedging portfolios.
In summary, the gold price is driven by a combination of rising demand, geopolitical uncertainties, and economic factors.