Experts make surprising predictions about gold investment channels in 2025

ANTD.VN - Contrary to many previous predictions that gold does not have much room to increase in price this year, some experts believe that this is still an attractive investment channel.

Optimistic expert

According to experts, the results of the 2024 US election will bring unpredictable developments in the financial market. Regarding gold, the World Gold Council (WGC) believes that gold prices in the coming time will be very difficult to predict due to the unclear policies of new US President Donald Trump.

The future development of gold will depend on the interaction of four main factors: economic growth, risk, opportunity cost and current trends. Accordingly, the WGC forecasts that the increase in the precious metal is expected to slow down in 2025.

Of course, according to WGC, gold prices could increase more strongly if sudden factors appear such as the Fed stopping its interest rate cut roadmap; central banks increasing purchases; the world economic situation rapidly deteriorating, causing investors to seek safe haven assets; China returning to buying gold...

On the contrary, gold may cool down if the US reaches a peace agreement with Russia. Not to mention, investors may continue to shift capital from gold to other investment channels.

In a recently released forecast, AFA Capital experts assessed that gold will still be a strategic asset in 2025.

Mr. Nguyen Minh Tuan, CEO of AFA Capital, said that the demand for gold in the international market is expected to remain stable in the coming time, especially thanks to central banks increasing gold reserves to restructure assets.

Meanwhile, geopolitical conflicts and instability have not had significant new developments. President Trump's interventions have not brought clear information, leaving the world economy facing many uncertainties in 2025.

Regarding US public debt, expectations for a Trump 2.0 term indicate that the possibility of increased budget deficits will continue to push up US public debt. Historically, these two indicators often go hand in hand, so an increase in US public debt may again positively support gold prices.

Therefore, Mr. Tuan has a positive assessment of gold, especially in the context of the world economy facing many unpredictable fluctuations and investors needing to find a safe haven from instability.

For domestic gold, the USD/VND exchange rate is forecast to continue to increase in the first half of 2025, also creating pressure on gold prices. However, a notable point about gold supply and demand has been that the price gap between SJC gold bars and world gold has decreased sharply. The sharp decrease in the above gap makes it easier to control supply, although buying SJC gold still faces many difficulties.

Gold price could rise to $3,000/ounce

Globally, in the latest Kitco News survey, experts also maintained a positive view on gold, although most of them said silver could surpass the yellow metal this year.

Ole Hansen, head of commodity strategy at Saxo Bank, predicts gold prices will reach $3,000 an ounce (up 13%), and silver prices could reach $40 an ounce (up more than 25%).

Meanwhile, UOB experts said that from a long-term perspective, positive drivers remain intact - including continued gold allocations by emerging markets and Asian central banks, as well as strong physical gold and jewellery demand from the retail sector.

“We maintain our positive view on gold as long-term safe-haven demand is likely to remain strong amid continued geopolitical and economic risks from Trump 2.0.

We forecast gold to rise further to $3,000/ounce by end-2025. The immediate strength of the US dollar could lead to a short-term consolidation trend for gold before continuing its upward momentum in 2025,” said Heng Koon How, Head of Market Strategy, Global Economics and Market Research, UOB Singapore.

It can be said that with the uncertainty about tariff policy in the second term of US President Donald Trump, it seems that the assessment of the prospect of precious metals has changed. Previously, some experts recommended that investors should be cautious with gold this year.

Mr. Ngo Thanh Huan, CEO of FIDT Investment Consulting and Asset Management Joint Stock Company, said that according to the principle, when the economy recovers, gold will enter a "hibernation" phase.

The expert believes that 2025 is the pre-recovery period of the Vietnamese economy, so gold will increase more slowly. Gold still has room to increase because the Fed is on the path to continue reducing interest rates.

However, once the global economic recovery is confirmed, gold will certainly decrease. Therefore, the expert recommends that in the coming time, especially from 2026, investors should limit their investment in gold.

Source: https://www.anninhthudo.vn/chuyen-gia-du-bao-bat-ngo-ve-kenh-dau-tu-vang-trong-nam-2025-post601031.antd