Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
Toll Free: 888-419-7136
Secure Private Ordering
We use the latest online security processing,
so your order is safe & private.
We DO NOT disclose any customer
information to ANY third party company.
Our customer privacy is our priority.
Over 30 Years Experience
Park Avenue has over 30 years
experience buying and selling
Rare Coin and Precious Metals.
We have the knowledge and
ability to provide our customers
with the best products and services.
Why gold will climb another 8% by the end of 2025
10.31.24 - Why gold will climb another 8% by the end of 2025
Gold last traded at $2,746 an ounce. Silver at $32.67 an ounce.
3 reasons why surging gold prices will climb another 8% by the end of 2025, Goldman says -Business Insider
A gold-buying spree has turned the yellow metal into one of this year's hottest investments.
Though the commodity has already soared more than 30% year-to-date, Goldman Sachs anticipates that there's even more upside in store next year.
In a note published Tuesday, the bank projected that gold will reach $3,000 an ounce by the end of 2025, implying an 8% increase from its current price.
It offered three reasons for the forecast:
First, high demand from central banks will continue, though Goldman does expect gold buying to slow next year.
Central banks have sought gold with new intensity since Western sanctions were placed on Russia for its invasion of Ukraine. Some countries treated this as a lesson to diversify reserves away from the greenback, prompting high demand for the bullion metal.
