Heraeus Anticipates Gold Prices to Range Between $2,450 and $2,950 per Ounce in 2025

Heraeus Precious Metals stated that gold could extend its record price by 2025 due to increased demand for safe-haven assets as major central banks anticipate further interest rate cuts and a weaker dollar. The company expects gold prices in 2025 to range between $2,450 and $2,950 per ounce, with continued purchases from major central banks, albeit at lower volumes compared to 2024, influenced by geopolitical risks in Ukraine and the Middle East.

In a report, the company mentioned, "If the Chinese government's economic stimulus measures rejuvenate the economy, China and India could provide a solid foundation for gold demand in 2025." Steffen Metzger and Stefan Staubach, who manage Heraeus's precious metals division, noted, "With Donald Trump potentially returning as U.S. president, further uncertainty around trade and tariffs is likely, which should support gold prices."

Gold has risen by more than 29% this year due to central banks' interest rate cuts and increasing geopolitical tensions, and it is on track to achieve its best annual performance since 2010.