Gold price will hit fresh ATH of $3,175 in 2025, spot silver to trade above $38 per ounce – Metals Daily CEO Ross Norman.

 Gold prices will approach $3,200 this year, while silver will get close to $40 per ounce in 2025, according to Ross Norman, CEO of Metals Daily.

In his recently published 2025 precious metals price outlook, Norman demonstrated that he’s among the most bullish experts in the precious metals complex, and this despite acknowledging that market participants still don’t fully understand what drove last year’s rally.

“To know the future, you need to understand the past,” he said. “But with little or no consensus as to why gold achieved a 27% gain in 2024, it makes it especially hard to gauge whether the trend will prevail; institutional (ETF) demand is flat, investment demand is lacklustre, while reported central bank demand is below the last 2 year levels. Worst of all and most perversely, gold’s inverse correlation with many traditional macro drivers are out the window.”

Source: KITCO