Gold prices to climb record high in 2025?
Gold, often used as a safe store of value during times of political and financial uncertainty, tends to appreciate on expectations of lower interest rates, which reduce the opportunity cost of holding the non-yielding asset. «If the Chinese government's economic stimulus measures boost the economy, China and India could provide a solid basis for gold demand in 2025,» the company said in a report.
China's central bank resumed buying gold for its reserves in November after a six-month pause, official data by the People's Bank of China (PBOC) showed on Saturday.
«With the return of Donald Trump as U.S. president, there is likely to be more uncertainty regarding trade and tariffs, which should also support the gold price,» said Steffen Metzger and Stefan Staubach, who have been leading the precious metals division of Heraeus. Gold has surged more than 29% this year and is on track for its best annual performance since 2010, driven by central bank interest rate cuts and growing geopolitical tensions.
Heraeus further noted that industrial demand for silver is expected to surge, propelled by the continued growth in solar photovoltaic demand.
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