Gold had a banner year in 2024, reaching its highest price ever in September. Gold prices in 2024 outshone earlier forecasts and showed us exactly why gold is seen as a sometimes safe and steadier option for investors.
This precious metal has been around for centuries. People have always been interested in it, and not just as a safety net, or a storage of wealth, but also as a symbol of wealth.
As we kick off 2025 and head ever closer towards 2026, the question we’re asking is, will gold rise even higher or will it come crashing down? Although nobody has a crystal ball, many experts have put in the work to call out what comes next. Here’s the lowdown—and it’s shaping up to be pretty compelling!
To keep up with the Gold prices, you can bookmark and follow our live forex charts. You’ll get a real time snapshot of what’s happening in the gold market. Whether prices are rising or falling, you can stay on top of it and it can help you figure out your next move.
Let's geek out with some numbers for a second. Currently, the gold price is around $2,713 an ounce, and it's facing resistance at the $2,736-$2,747 level. This zone is acting as an invisible barrier that gold is having difficulty breaking through. On the other hand, $2,607 is acting as a support; that is where buyers come in to prevent it from falling further
The 50-day Exponential Moving Average (EMA) is currently at $2,629.15, which is holding steady and acting as additional support.
This is a good sign if you're hoping for gold to keep climbing. If prices do dip below $2,607 though, it could be trouble – keep an eye out for pullbacks. The next significant support level to watch would be $2,532.
The Relative Strength Index (RSI) is now at 60 (look at the picture below), and this indicates somewhat bullish momentum with room for additional upside.
The Stochastic Oscillator is now at 89, and this suggests overbought conditions in the short term. Overbought basically means that it is quite hyped up.
If gold manages to break above the $2,736-$2,747 resistance zone, it could potentially target the record high close at $2,787-$2,804.
However, if it fails to break this resistance, then it could well lead to a consolidation or even a pullback towards the support levels.
So what could impact Gold’s prices for this year?
The Federal Reserve and other central banks set the interest rates. Their monetary policies, and inflation expectations (data like CPI and PCE), are the real indicators for gold price movement. When rates are low, gold becomes a popular alternative to cash. But when rates rise? Gold may have a harder time.
If your savings account starts offering a high interest rate, would you put your money in gold? Probably not as much.
Our economy is still feeling the aftershocks of COVID and the inflation which came after . If the recovery slows, gold could shine as a safe investment. Be sure to watch GDP data.
When the prices of food and gas and just about everything else rise (thanks, inflation!), this can push more people into buying gold. Why? Because gold doesn’t lose value like your paper money does when prices rise.
People tend to rush in to buying gold when there is political upheaval or war. It acts as a kind of buffer when everything else seems shaky.
Assuming no significant surprises, many analysts estimate that gold might trade between $2,200 and $2,400 an ounce by the end of the year.
According to Goldman Sachs, gold prices will reach $2,300 by 2025. According to Bank of America analysts, prices may test $2,500 if inflation stays high and the Fed pauses rate hikes. However, Citigroup shows a more cautious picture, with analysts predicting that gold will remain near $2,200 (unless something big happens like a war).
Now, looking ahead to 2026, the predictions are pretty wide-ranging. It’s hard to forecast that far ahead as anything can happen between now and then. Here’s what the experts are saying:
If you’re planning to hold onto gold for the long haul, here’s what the experts expect.The forecast suggests strong potential for price appreciation in the years ahead:
| Year | Low Estimate | High Estimate | Average Forecast |
|---|---|---|---|
| 2027 | $2,300 | $2,700 | $2,500 |
| 2028 | $2,400 | $2,900 | $2,650 |
| 2029 | $2,500 | $3,100 | $2,800 |
| 2030 | $2,600 | $3,300 | $2,950 |
A quick stroll down memory lane, coming up:
Like a thermometer, Gold takes the temperature of the economy. We can often tell howt the economy is doing based on Gold’s movements. Gold mirrors factors like GDP growth, employment data, and the performance of factories, which can all impact gold's price movements.
Strong Economy: When the economy is stable and confidence is higher, people tend to ditch gold and head for riskier investments like stocks. This is called “risk on” mode.
Weak Economy: When people are out of work or production drops, then gold turns into a more appealing option as a kind of financial safety net. This is “risk off” mode.
Usually, when individuals start to feel anxious about the economy or their pockets, gold can take center stage.
The US currency and gold have a rather complicated relationship.
Weak Dollar: When the dollar is doing poorly, the price of gold frequently rises. Why? The value of gold is expressed in dollars (XAUUSD). You can buy more gold for less dollars. Foreign buyers find gold more affordable when the dollar declines, which raises demand.
Strong Dollar: Gold usually suffers when the dollar is strong. A strong dollar raises the price of gold for buyers who use other currencies, which could lower demand. So, if you’re watching gold, keeping an eye on the dollar is pretty much a no-brainer.
Central banks? They’re all over the gold market.
Increasing Interest Rates: As rates rise, gold's shine weakens and other investments like bonds, gain more attractiveness.
Declining Interest Rates: Reduced rates? That's when gold gets back the attention – with reduced interest in bonds, individuals opt for gold.
And, naturally, central banks purchasing and selling gold to regulate their reserves serve as a decent sign of price fluctuations. Their purchasing often indicates that prices could increase.
Gold loves chaos. Wars, trade disputes or political shakeups – elections, major policy changes, you name it – tend to push people into gold.
Why? It’s simply because uncertainty makes people nervous, and nervous investors try to reach for something solid to hold onto. Gold becomes that “safe house” when everything else feels shaky.
Yep, the good old supply and demand rule is alive and well here.
Gold is fascinating because it’s influenced by so many forces. Understanding these won’t make you a gold-trading genius overnight, but it will help you get a better feel for where the market might be headed. So, next time prices climb, you’ll know—someone, somewhere is probably stocking up
So, the next time you see gold prices spike, there’s a good chance it’s because someone somewhere is stocking up for a big celebration.
Gold isn’t just about stacking bars in a vault (although that’s impressive!). Currently, there are various methods to trade or invest in gold, and each offers a unique experience. Let's examine your choices.
This is the old-school way—gold bars, coins, or even jewelry. It’s all tangible. You can hold it, feel its weight, and know that it’s yours. For some people, that is a big deal.
But physical gold can come with some headaches too. Where are you going to store it? A safe at home? A bank vault? And don’t forget insurance, which can add up. Plus, buying and selling physical gold isn’t exactly cheap with all those fees.
Best for: People who want to see and hold their investment and are planning to keep it long-term.
Not into storing gold bars in your front room? That’s where ETFs come in. They let you invest in gold without needing a safe or having to worry about thieves. ETFs track gold prices and trade on stock exchanges, so you can buy or sell them as simply as a stock.
A popular choice is the SPDR Gold Shares ETF (GLD)—it’s like owning gold without the hassle. Sure, you won’t have a shiny bar to show off, but you’ll still benefit from any price changes.
Best for: Investors who want a hassle-free, budget-friendly way to get exposure to gold without the drama of storage or insurance.
CFDs on Gold are like placing a bet on gold prices—no need to own the actual metal. You’re just speculating whether the price will rise or fall. It’s straightforward but comes with a twist.
Pros: With leverage, you can get exposure to a bigger position with less capital upfront, which could possibly amplify your outcome.
Cons: However, that same leverage can also magnify your losses ( definitely on the riskier side.)
Best for: Traders who thrive on short-term opportunities and are comfortable with higher risk.
With Dukascopy, you can trade Gold CFDs using leverage to increase your position size. Plus, you can go long if you expect prices to rise or short if you think they’ll drop.
Rather than purchasing gold outright as a fundamental asset, you may invest in firms that mine it. Consider names such as Newmont or Barrick Gold.
Futures contracts allow you to lock in today’s prices for gold and exercise at a later time. So when the contract expires, you will have locked in today’s price and benefit from the difference in price. You can trade Futures in both directions (long and short). They’re useful for hedging your portfolio or capitalising on large market movements and a speculation tool. They require greater skill and can bring about significant risks, especially when using leverage.
Best for: More experienced traders that know to navigate the intricicaies of futures markets.
Ask yourself:
Gold trading is about matching your style and goals to the right method that suits you best.
Stocks and gold play their own distinct roles in a portfolio. Stocks are related to a company's growth and can provide big returns, but they are also highly volatile. When markets are booming, stocks tend to do better than gold. But during bearish markets or times of uncertainty, gold can sometimes hold its value, or even increase, while stocks can fall.
Both gold and real estate are considered “tangible assets,” that you can touch and hold, but they do differ in important ways. Real estate can give you long-term growth and the potential to get income from rent, but it’s illiquid and you need a good chunk of upfront money. Gold, on the other hand, is highly liquid—you can sell it quickly when needed. It’s also easier to diversify with gold, as you can buy smaller amounts, whereas real estate often demands a large lump sum.
Gold, Silver and cryptocurrency are often compared as “alternative” assets. Gold has obviously been known as a trusted store of value for centuries, while crypto, like Bitcoin, is still a relatively new and risky contender. Cryptocurrencies can experience major price swings, which suits the more risk tolerant investor. On the other hand, gold is regarded as a steady, dependable option, particularly in uncertain times. If you’re after longer-term stability, then gold might be a better investment for you. Crypto may appeal to people looking for high-risk, high-reward investments.
Now both gold and bonds are typically seen as "safe" investments, however their behavior does change depending on economic situations. Bonds produce consistent income through interest payments, making them popular during stable periods. However, when interest rates are low, gold becomes more appealing because it doesn’t rely on yield and often benefits during inflationary times. Including both in your portfolio can create a balance between income and protection.
If you’re considering adding gold to your investment mix, here’s how to get started:
Most financial advisors agree: putting 5–10% of your portfolio into gold is a smart move. Why? It adds stability without putting all your eggs in one basket. Gold isn’t about making big profits; it’s about acting as a shield. When markets tumble, gold steps in to help protect your wealth, keeping things balanced when everything else feels shaky.
Gold prices move based on global events, so timing makes a difference. So watch economic indicators like inflation data, central bank policies, or geopolitical tensions.
It’s at these times that you might want to pay attention. If gold prices drop during quieter times, it could be an opportunity to buy before the next storm hits and pushes prices higher. Of course, nothing in trading is ever guaranteed, but understanding these patterns can help you make smarter moves. Timing isn’t everything, but it can make a difference.
Gold is not just a commodity; it’s also traded as a currency and plays an important role in the Forex market. Here’s how it works:
On the platform, when you are looking for Gold, type in XAU/USD. This is the price of gold valued against the dollar. When you trade XAU/USD, you’re essentially betting on the price movement of gold compared to the dollar. Tracking the currency markets and economic conditions provides vital insights for gold price predictions.
Gold and the US dollar? They’re opposites. When the dollar weakens, gold becomes cheaper for people using other currencies, boosting demand and often pushing prices higher. But when the dollar gets stronger? Gold loses some of its shine, and prices usually drop. Watching these shifts can help you time your trades better.
If you are wondering how to trade Gold in Forex, it doesn’t have to be complicated. Here are a few simple ideas:
Gold’s been around forever, and it’s not going anywhere. It’s a solid part of any portfolio, whether you’re just starting or already experienced. But remember—markets are unpredictable, so diversify and think long term.
Some experts say gold could hit $3,000 per ounce, but that depends on inflation and global uncertainty.
Absolutely! Gold is a fantastic tool for diversification and a solid hedge against inflation. It helps stabilize your portfolio during market chaos or economic uncertainty. Plus, when currencies lose value or living costs go up, gold usually holds its ground—or even gains value
It all comes down to what you’re aiming for. If you’re after a safety net to protect your wealth, now might be a good time to buy gold. Otherwise, you can wait for dips before jumping in. Remember, there’s no such thing as a safe haven asset as prices can fall or rise.