Macquarie Bank Forecasts Gold Price to Reach $3,500 per Ounce in 2025

Analysts at Macquarie Group predict that gold prices will rise to $3,500 per troy ounce in the third quarter of 2025. The increase is attributed to investor demand for assets with minimal credit or counterparty risk.

Gold prices have already increased by 12% this year due to geopolitical instability and the trade policies of U.S. President Donald Trump. Additionally, concerns over the U.S. budget outlook indicate potential inflationary pressures, which may further support gold as a hedging instrument.

Despite rising prices, demand for gold in jewellery, bullion, and coins is expected to remain strong. Investors continue to view gold as a reliable store of value in times of economic uncertainty.