World Gold Council: Gold prices may fluctuate mainly next year, with the upward momentum of gold prices primarily dependent on central banks and purchasing power in the Asia-Pacific region
The World Gold Council released its gold price outlook for 2025. The Council believes that although the U.S. will continue to cut interest rates next year, it may face competition from stocks and real estate (indicating that the general market still underestimates the investment market crisis next year). The upward momentum for gold next year will mainly depend on the purchasing strength of central banks and the purchasing power in the Asia-Pacific region. The Council anticipates that gold prices may primarily fluctuate next year. Refinitiv reported that last week, the dollar gold price was originally on a roll, breaking through the 2700 mark again, but after the U.S. announced that the November Producer Price Index rose 3% year-on-year, the market adjusted its predictions for interest rate changes next year. Bank of America predicts that the Federal Reserve will only cut rates twice next year; Wells Fargo even speculates it will only cut once. As of last Friday, the market expected the probability of U.S. interest rates dropping to 3.25-3.5% by the end of 2025 to decrease from 17.1% two weeks ago to 8.1% last Friday; the probability of rates being at 4.00-4.25% increased from 15.1% to 26.6%
According to the Zhitong Finance APP, the World Gold Council has released its outlook for gold prices in 2025. The Council believes that although the United States will continue to cut interest rates next year, it may face competition from stocks and real estate (indicating that the general market still underestimates the crisis in the investment market next year). The upward momentum for gold next year will mainly depend on the purchasing power of central banks and the purchasing power in the Asia-Pacific region. The Council anticipates that gold prices may primarily fluctuate next year.
Refinitiv stated that last week, the dollar gold price was initially on a roll, breaking through the 2700 mark again, but with the U.S. announcing a 3% year-on-year increase in the November Producer Price Index, the market began to lower its predictions for interest rate changes next year. Bank of America predicts that the Federal Reserve will only cut interest rates twice next year; Wells Fargo even speculates that there will be only one cut. As of last Friday, the market expected the probability of U.S. interest rates dropping to 3.25-3.5% by the end of 2025 to decrease from 17.1% two weeks ago to 8.1% last Friday; the probability of rates being between 4.00-4.25% increased from 15.1% to 26.6%