The gold price recently briefly exceeded the mark of around $3,400 per ounce but has stabilized just below it. For investors, these developments may be of particular interest regarding potential market developments and inflation concerns.
Current Developments and Predictions
In June 2025, the gold price fluctuates between $3,330 and $3,390. Previously, an all-time high close to the $3,500 mark was reached before a market correction followed. Short-term forecasts show a moderately positive trend with slight fluctuations throughout the year; a gradual increase is expected from July. According to Wallet Investor, the price predictions for early June are estimated to be between about $3,310 and just below $3,500 per ounce.
Important technical supports are around $3,127 to $3,293, while decisive resistances lie at around $3,446 and the all-time high of approximately $3,500.
Influencing Factors
The current stabilization of the gold price reflects market uncertainties as well as inflation fears, which traditionally support the gold price as a “safe haven.” Despite a slightly declining global inflation, the level remains above the pre-crisis level of about 3.2 percent. This scenario continues to favor the demand for inflation-protected assets such as gold.
Outlook
A moderate upward movement is expected for the remainder of 2025, although short-term fluctuations cannot be ruled out. In the long term, the price could continue to rise if inflation persists or geopolitical uncertainties increase.
In summary, the gold price consolidates at a high level after briefly exceeding the $3,400 mark and has the potential for further price increases — especially in light of ongoing inflation concerns and global economic uncertainties.