“Shocking” Forecast: Gold Price Could Reach $4,000/ounce by the End of This Year

Bank of America Securities analysts predict that gold prices could climb to $40,000 an ounce by the end of 2025 amid continued global uncertainty.

Francisco Blanch, global head of commodities and derivatives research at Bank of America Securities, told Kitco News that the current correction in precious metals prices is a result of short-term geopolitical uncertainty. “Both gold and silver will rally in the second half of 2025,” Blanch said.

Illustration photo: Kitco News

Previously, in an interview with the American financial news channel CNBC, an expert from Bank of America Securities also predicted that the price of gold would reach $3,500/ounce in the first half of 2025, and in fact, his prediction proved to be quite accurate when by the middle of the second quarter of 2025, the price of gold futures contracts for June delivery on the Comex floor reached $3,442.3/ounce.

According to this expert, the gold market is currently going through a correction that could last for several months. “We remain optimistic in the long term, maybe by the second half of 2025 or by 2026, gold prices will surpass the $ 4,000 / ounce threshold. Gold prices have come very close to $ 3,500 / ounce a few times, but to surpass that level and continue to increase, it must be put in the context of geopolitical volatility, policy instability,” Mr. Francisco Blanch commented.

As of now (noon, May 25, 2025, Vietnam time), the world gold price continues to fluctuate below 3,300 USD/ounce. Specifically, the gold price traded on the Kitco floor is at 3,296.1 USD/ounce, equivalent to 103.64 million VND/tael, 14.66 million VND/tael lower than the SJC gold selling price at the same time.

Making its forecast in early April 2025, HSBC also said that the average gold price in 2025 and 2026 would be $3,015/ounce and $2,915/ounce, respectively. The bank said that geopolitical risks, including the Russia-Ukraine war and the Middle East conflict, along with changes in US foreign policy and economic instability, are pushing gold prices up.

According to VOV

Source: https://baothanhhoa.vn/du-bao-soc-gia-vang-co-the-dat-4-000-usd-ounce-vao-cuoi-nam-nay-250247.htm