Gold Forecast for 2025
Gold prices tested almost 2800$ in 2024. All thanks to geo political tensions around the world. Be it Israel or Russian region. On top of that uncertainty towards presidential election took anxiety of investors to a new high which fueled gold prices even further. Currently gold prices are trading at 2650$.
From January 2025. Trump will be new president of US and he already cleared his intentions. He announced major tariff for Canada , Mexico and China. Interestingly majority of Trump supporters think tariffs are good for economy. However tariffs are more like protectionism more than capitalism.
Gold prices mainly will be focusing towards trade war with other countries especially China. Trump cleared in his election speech that he will be stopping war in middle east as soon as he is in office in Jan 2025. Assuming Trump fulfill his promise and stop the war in middle east and Ukraine then most of the uncertainty would be over for gold price.
Without wars there would be only 1 trigger for gold prices. That is new tariffs and how China responds to that. Inflation would also be a main factor as tariffs will introduce new problems for Fed to tame the already raging inflation.
Hypothetically if inflation keeps in check and tariff war doesn’t translate much in US then I am not expecting any all time high in 2025.
A major support as mentioned in my multiple trading videos remain intact at 2550. Closing below this level would open door for bears.
I will update this post if some new developments regarding this post.
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