2024 was an enormous yr for treasured metals — and gold did not simply exceed expectations — it shattered them.
Opening 2024 at simply over $2,000, gold surged previous each main forecast to method $2,800 by October, forcing analysts and establishments to repeatedly revise their projections upward.
Let’s evaluate which consultants noticed it coming, which of them missed the mark, and what they’re predicting for 2025.
Trying Again at 2024 Gold Worth Predictions: Expectations vs. Actuality
Gold’s 2024 surge exceeded even essentially the most bullish forecasts. Whereas Financial institution of America and Citigroup projected formidable $2,400 targets, gold blazed previous these estimates to achieve $2,800 by October — as we speak settling in round $2,650.
Our annual evaluate reveals simply how dramatically the valuable steel outpaced market expectations, with just about each main establishment underestimating its potential.
The Few Who Acquired It Proper
Amongst main forecasters, solely the boldest noticed gold’s potential. Whereas Zach Scheidt ($3,000) and Juerg Kiener ($2,500-4,000) got here shut, conventional establishments fell brief of their predictions. Goldman Sachs projected simply $2,133, and the World Financial institution’s $1,900 forecast missed dramatically.
What Drove Gold Larger:
- Geopolitical tensions intensifying past expectations
- Persistent inflation issues regardless of central financial institution interventions
- Rising demand from central banks persevering with their historic shopping for spree
- Market uncertainty driving traders towards safe-haven property
Gold in 2025: The Subsequent Chapter
After such a historic run, the place does gold go from right here? Our complete 2025 evaluation explores skilled forecasts and the important thing drivers that might push costs to new data.
2025 Gold Worth Predictions: See Knowledgeable Forecasts
Till subsequent time,
Brandon S.
Editor
GoldSilver
