According to reports from Jinshi data, BMI analysts under Fitch believe that the rise in gold prices has reached its end. Despite trade uncertainties, geopolitical tensions, a weakening dollar, and increased central bank purchases, gold remains at a high level.
To break through the historical high of $3500/ounce set in April, a war in the Middle East or a significant interest rate cut by the Federal Reserve is needed. BMI maintains its forecast for the average annual gold price in 2025 at $3100 per ounce.