With gold going up over 20 percent in 2024, what can we expect in this year? $3,000.00 per ounce? $4,000.00 per ounce? More?
If currently market prices are a sign of what's to come, hang on tight! We are in for a sky high ride for gold in 2025.
Or maybe, will gold EVER plateau? It is hard to say when. There are just too many reasons globally for gold to continue to rise.
Oh, the many reasons. With the US Dollar ( .dxy) near record highs, it's unusual to also have gold reach record prices. Then there is also the issue of other countries running out of gold. Gold bar availability has been diminishing in Russia, and is all but dried up in China. It is also interesting to note that the London Precious Metals Bank is currently almost 2 months backed up with providing physical gold to their clients ( could this explain the influx of gold coming in to New York?)
To have gold prices more steady, we would need global markets to stabilize as well. Much like the latter half of the 2010's, or the 1990's, those times gave many more reasons to be confident in our fiat currency.
When we have more reason to have that confidence again, then I believe that we will have a period of gold stabilization.