Gold is still the 'true love', becoming the top 1 item to buy in 2025

Gold prices have been rising steadily recently. Economists point out that gold prices could still rise even more in the future.

Matthew Jones - Precious metals analyst at Solomon Global said : " Gold is considered a safe haven asset during times of geopolitical instability, war or economic uncertainty. Investors often flock to gold to protect their assets, leading to increased demand and higher gold prices . "

Gold prices rose for a fourth straight session on November 21 , hitting their highest in more than a week as safe-haven demand surged amid escalating fighting between Russia and Ukraine, Reuters reported .

“There’s really been a significant geopolitical factor impacting the gold market over the last few days – the heightened tensions between Ukraine and Russia being perhaps the most notable factor,” said David Meger , director of metals trading at High Ridge Futures.

Investors flock to safe-haven assets during global crises and gold prices have soared to multiple record highs since Middle East conflict erupted last October.

"The next upside price objective for gold bulls is to produce a close above solid resistance at $2,700," noted Jim Wyckoff, senior market analyst at Kitco Metals.

Goldman Sachs ( a multinational investment bank in the United States) has ranked gold in the top group of commodities to buy for 2025. Goldman Sachs experts recommend investors to buy gold and predict that the price of this precious metal will reach 3,000 USD/ounce by December 2025 thanks to the Central Bank's purchases and the prediction that the US Federal Reserve will cut interest rates.

Meanwhile, a Reuters poll showed most economists expect the Federal Reserve to cut interest rates in December, with smaller cuts expected in 2025.

Investors are also focused on several Fed officials scheduled to speak this week. Expectations for a December rate cut have dropped significantly, with the probability now at 56%, down from 82.5% just a week ago.

According to Intellectual Property

Source: https://doanhnghiepvn.vn/kinh-te/vang-van-la-chan-ai-tro-thanh-top-1-mat-hang-nen-mua-vao-nam-2025/20241122080457765