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This Week

Gold price outlook: Wall Street forecasts nearing $3,000

Wall Street worries about a near-term top, Main Street remains

This week, 14 analysts participated in the Kitco News Gold Survey, with Wall Street’s bullish sentiment returning to Earth after a few weeks in the stratosphere. 10 experts

Gold Prices Have Seen Sharp

Gold prices have seen sharp declines before. Between 20, gold fell nearly 45% from its peak of $1,920 per ounce to $1,050 per ounce due to a strong dollar

Veteran analyst who predicted gold prices would rally offers a

Can Gold Prices Drop 30%? - Forbes

Gold Has Outperformed The Broader

Gold has outperformed the broader U.S. stock market this year, and Wall Street is turning more bullish on the precious metal.

Wall Street sees gold price declines or consolidation next week

Only three experts, representing 21%, expected to see gold prices climb higher next week, while eight analysts, fully 57%, predicted a price decline. Another three

Wall Street Analysts Have Recently

Wall Street analysts have recently been boosting targets to catch up to rising gold prices. For example, Deutsche Bank targets $3,700 in 2025, up from $2,900 previously.

As Gold Nears $3,000, Wall Street Predicts It May Head Higher Still

This significant drop was followed by a rally on Thursday that saw gold reach a weekly high of $2,064.28, only to be pushed down once again on Friday morning due to a

Many On Wall Street Expect

Many on Wall Street expect the rally to continue well into 2025 and well past the $3,000 level. Overnight, Goldman Sachs raised its year-end gold price forecast for 2025 to

Wall Street Predicts Decline in Gold Prices, Main Street Anticipates