The recent pump in gold prices is mainly due to political instability and security concerns, rather than the strengthening of the dollar and interest rate expectations. However, prices are likely to have overreacted and a pullback may occur in the coming weeks. Commerzbank analysts forecast a gold price of $2,700 per ounce by mid-year and $2,650 per ounce by the end of 2025.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The recent pump in gold prices is mainly due to political instability and security concerns, rather than the strengthening of the dollar and interest rate expectations. However, prices are likely to have overreacted and a pullback may occur in the coming weeks. Commerzbank analysts forecast a gold price of $2,700 per ounce by mid-year and $2,650 per ounce by the end of 2025.