Most banks expect gold’s bull run to persist into 2025

Major banks anticipate that gold will continue its record-breaking rally into 2025, fueled by renewed inflows into exchange-traded funds (ETFs) and expected interest rate cuts from central banks, including the U.S. Federal Reserve.

Gold prices have risen over 27% this year, reaching a record high of $2,639.95 per ounce recently.

Analysts from J.P. Morgan highlight that while strong physical demand from China and central banks has supported prices, investor flows, particularly in retail-focused ETFs, are crucial for sustained growth.

The Fed’s recent rate cut and projections for further cuts make gold an attractive investment in a low-rate environment, U.S. News has reported.

read more: https://money.usnews.com/investing/news/articles/2024-09-24/factbox-most-banks-expect-golds-bull-run-to-persist-into-2025

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