Gold has seen an impressive surge in 2024, continuing its upward trajectory with strong quarterly gains that analysts expect to persist into the next year.
The precious metal has marked a remarkable milestone by recording five consecutive quarters of growth, with a significant $307 jump in Q3 2024 alone, as highlighted by Gold Predictors on December 8.
#GOLD gained $307 in Q3 2024, marking a historic milestone as one of the largest quarterly gains. This is the 5th consecutive quarter of growth since the Middle East crisis began in 2023.
These developments suggest no signs of a slowdown for gold in 2025, as the crises continue… pic.twitter.com/hQQmhu6rDJ
— Gold Predictors (@GoldPredictors) December 8, 2024
This ongoing rise is largely attributed to the geopolitical instability in the Middle East, which has reinforced gold’s position as a safe-haven asset.
Gold Predictors suggests that there are no signs of a slowdown for the precious metal in 2025, with its value expected to keep climbing, even in the face of global uncertainties.
While gold’s rally in 2024 was expected to push prices toward $3,000, momentum slowed somewhat after the U.S. election, which many saw as a bullish signal for the economy following Donald Trump’s win. Despite this, experts remain confident about the metal’s potential.
Bloomberg Intelligence’s Mike McGlone, along with major financial institutions like Goldman Sachs and Bank of America, foresee gold reaching $3,000 by 2025, driven by fiscal instability, rising geopolitical tensions, and high demand from central banks.
Jonathan Mann, the creator behind the long-running “Song A Day” project, has turned his crypto misfortune into a musical cautionary tale.
Elon Musk’s financial standing has taken a major hit, with his net worth shrinking by $70 billion since his public fallout with Donald Trump.
UBS analyst Brian Meredith has revised his outlook on Berkshire Hathaway’s Class B shares, trimming the price target from $606 to $591, while maintaining a “buy” rating.
In a move not seen in decades, the U.S. Treasury Department has initiated a historic $10 billion bond buyback—its largest ever—targeting securities set to mature between mid-2025 and mid-2027.