Gold Prices to Hit $4,000 by 2025, Fidelity Forecasts

Gold prices are expected to reach $4,000 per ounce by the end of next year, according to a forecast by Fidelity International. This projection is based on several factors, including the Federal Reserve's rate cuts to support the U.S. economy, a weakening dollar, and continued gold purchases by central banks. The firm's multi-asset fund manager has expressed confidence in the gold market's potential, citing ongoing economic uncertainties and geopolitical risks that continue to support gold's appeal as a hedge against inflation and market volatility.

The bullish outlook on gold is driven by several factors. The Federal Reserve's monetary policy, which aims to support economic growth by lowering interest rates, is expected to weaken the dollar, making gold more attractive to investors as a safe-haven asset. Additionally, central banks around the world are increasing their gold reserves, further driving up demand and prices. Despite the recent volatility, Fidelity International maintains that gold is not overvalued and that the current price levels are justified by the underlying fundamentals.

Fidelity International's forecast comes as the market has seen a period of high volatility, with prices fluctuating within a narrow range for several months. The firm's multi-asset fund manager has expressed confidence in the gold market's potential, citing the ongoing economic uncertainties and geopolitical risks that continue to support gold's appeal as a hedge against inflation and market volatility. The firm's multi-asset fund manager has also noted that the current price levels are justified by the underlying fundamentals, and that gold is not overvalued.

Fidelity International's forecast is based on several factors, including the Federal Reserve's rate cuts to support the U.S. economy, a weakening dollar, and continued gold purchases by central banks. The firm's multi-asset fund manager has expressed confidence in the gold market's potential, citing the ongoing economic uncertainties and geopolitical risks that continue to support gold's appeal as a hedge against inflation and market volatility. The firm's multi-asset fund manager has also noted that the current price levels are justified by the underlying fundamentals, and that gold is not overvalued.

Fidelity International's forecast is based on several factors, including the Federal Reserve's rate cuts to support the U.S. economy, a weakening dollar, and continued gold purchases by central banks. The firm's multi-asset fund manager has expressed confidence in the gold market's potential, citing the ongoing economic uncertainties and geopolitical risks that continue to support gold's appeal as a hedge against inflation and market volatility. The firm's multi-asset fund manager has also noted that the current price levels are justified by the underlying fundamentals, and that gold is not overvalued.

Fidelity International's forecast is based on several factors, including the Federal Reserve's rate cuts to support the U.S. economy, a weakening dollar, and continued gold purchases by central banks. The firm's multi-asset fund manager has expressed confidence in the gold market's potential, citing the ongoing economic uncertainties and geopolitical risks that continue to support gold's appeal as a hedge against inflation and market volatility. The firm's multi-asset fund manager has also noted that the current price levels are justified by the underlying fundamentals, and that gold is not overvalued.