JAKARTA, investor.id - Analysts in a quarterly Reuters poll have forecasted the annual average gold price above US$ 3,000 for the first time, with global trade tensions and shifts from the US dollar driving demand.
The poll involving 29 analysts and traders produced an average estimate of US$ 3,065 per troy ounce of gold for this year, up from the US$ 2,756 predicted in a poll three months ago.
"Price forecasts for 2026 have risen to US$ 3,000 from US$ 2,700," as reported by Reuters on April 30, 2025.
Spot gold prices have risen a quarter in 2025 so far, nearly matching the 27% increase recorded throughout 2024. Gold bullion, which is often seen as a store of value during uncertain times, has averaged US$ 2,952 this year, according to LSEG data.
"Gold seems poised for what can only be described as another epic year," said independent analyst Ross Norman.
"Just like in the early 2000s, gold is experiencing buying due to price strength that can impact itself," he added.
Gold bullion broke through the US$ 3,000 mark for the first time in mid-March and exceeded US$ 3,500 last week as the trade war between the United States and China, the two largest economies in the world, increased safe-haven demand, on top of ongoing central bank purchases.
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