Gold Outlook to Q3 2025

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Publication date: 05 November 2024

Published by: WisdomTree

Gold hit a brand new high again, topping $2,668.90/oz on 26 September 20241. It appears that all stars were aligned for the metal in September: 1. the US Federal Reserve (Fed) joined many other central banks in cutting interest rates; 2. bond yields fell aggressively; 3. the US Dollar depreciated to a 14-month low; 4. geopolitical risks continue to escalate, and 5. the People’s Bank of China engaged in aggressive monetary stimulus with strong hints of fiscal stimulus to follow from the government. We believe that gold has the potential to keep rising amid a rate-cutting environment, geopolitical anxiety and strong investor sentiment towards the metal.

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1 Based on London Bullion Markets Association AM price

Historical performance is not an indication of future results and any investments may go down in value.

 

Article originally published by WisdomTree. FE fundinfo is not responsible for its content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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