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By the end of the year 2024, gold has given great returns to investors. This year gold has given a return of 27%, which is much more than the Nifty 50 and S&P 500 index. Due to increasing uncertainties around the world, such as political crisis and global tensions, investors started investing their money in gold. This led to increased demand for gold, which led to a rise in its prices.
What could happen next?
According to Reuters, experts believe that gold prices may increase even more in 2025. Gold returns in 2024 have been the best since 2010 and it is expected to increase further. A Reuters expert said that the price of gold could reach $2800 an ounce in 2025. However, the future of all this will depend on political uncertainties. If these tensions increase, gold prices may go even higher.
The impact of political decisions
The US presidential election in early 2025 and subsequent tariff decisions may impact gold prices. After Trump takes office in January, his decisions to impose tariffs on other countries may affect gold prices. The impact of these decisions may lead to further increase in gold investment.
Estimates of various experts
Different financial institutions are making different estimates about the price of gold. According to UBS, gold can reach $2900 an ounce by the end of 2025. At the same time, Goldman Sachs and JP Morgan have predicted $3000 an ounce by December. On October 30, 2024, gold touched an all-time high of $2788.77 an ounce. Currently its price is around $2620, which means that the price of gold can increase by more than 14% in the next one year.
A good opportunity for investors
This year gold has given excellent returns and it is expected to rise in the coming times as well. If you are thinking of investing, then gold can be a safe and profitable option, especially when the period of global instability and uncertainties continues.
