ActivTrades analyst Ricardo Evangelista talked with Proactive's Stephen Gunnion about gold price trends and expectations for 2025. Reflecting on a stellar performance in 2024, which marked the best year for gold in a decade, Evangelista attributed the rally to a mix of factors, including interest rate cuts by central banks, geopolitical turbulence, and strong demand from emerging economies. He remarked, "2024 was a really good year for gold...a perfect storm of supportive factors."
Looking ahead, Evangelista shared his forecast for 2025, predicting that gold prices would likely stabilise within a narrow range of $2,600 to $2,700 per ounce. He highlighted the ongoing tug-of-war between gold's safe-haven appeal and the Federal Reserve's potential policy shifts as the key dynamics influencing prices.
Evangelista also discussed how economic uncertainty, geopolitical risks, and central bank buying continue to impact gold markets. He noted that factors such as trade policies from the incoming US administration and changes in the Federal Reserve’s stance could play a critical role in shaping gold's performance this year.