Global Gold Price Projections for 2025: Drivers, Risks and Forecast Scenarios

Mahir Gaurav Vithlani

Abstract: Gold has long served as a barometer of economic confidence and a preferred safe-haven asset. This paper reviews historical gold price behaviour from 2015?2024, synthesizes technical and macroeconomic drivers, and surveys expert forecasts to produce a unified outlook for 2025. Using data and reports from major institutions (World Gold Council, IMF, World Bank, major banks and market research), the analysis shows that persistent uncertainty, strong central-bank demand, and a lower real-rate environment support an elevated gold price regime in 2025. Forecast ranges from major institutions and banks are summarized, and key indicators to monitor (real yields, ETF flows, central bank buying, dollar strength, geopolitical risk) are identified. The paper concludes that 2025 is likely to be a high-price year for gold with elevated volatility and wide scenario dispersion. (Keywords: gold, safe haven, monetary policy, central banks, 2025 outlook)

Keywords: Gold, Safe-haven, Central bank demand, Inflation, Interest rates, 2025 projections