expected gold price in 2025

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What is the forecast for gold prices in 2025?

World Bank forecasts gold Prices to reduce to $1,500 in 2025 before increasing to $1,600 in 2035. But in the medium term, the Bank forecasts gold prices to be at $1,880 in 2022, $1,700 in 2023, and $1,650 in 2024. Historically Gold Prices have proved extremely difficult to predict as actual Prices have varied significantly from previous forecasts.

What is the gold price forecast by World Bank?

In the World Bank Commodities Price Forecast, April 2022, the Bank maintained the forecast of Gold Prices to be at $1,500 in 2025 and $1,600 in 2035. These forecasted gold prices are lower than the current Gold price of $1,800 per Troy Ounce. The Below table summarizes Gold Price Forecast by World Bank from 2021 to 2035.

What happened to gold in 2023?

In 2023, Gold started the year strong as the price gained 7% in January. However, the rally had to stall in February as the Gold price got rejected from the $1960 level. The price has corrected by more than 6% since then. Bullion price had a major pullback in February 2023, and it closed the month with a 5.27% loss.