Gold Rally: Record Expectations by the End of 2025

The price of gold is soaring, with expectations of new records by the end of 2025, driven by increased investment flows and inflationary concerns.

Global demand for gold reached historic highs, hitting $132 billion in the second quarter of the year, according to the World Gold Council (WGC). The record average price of $3,280.35 per ounce contributed significantly to this increase.

Investment inflows increased by 78%, with ETFs accumulating 170 tons of gold. Demand for bars and coins remains strong, especially in China and Europe.

Central banks continue to buy gold, but at a reduced pace. The outlook for increasing reserves remains positive, according to WGC surveys.

Citi predicts that the price of gold will reach $3,500 per ounce.