Warning to investors: What will gold prices be like in 2025? Troy shares its forecasts
According to the 2025 report published by Troy Kıymetli Maden Ticaret A.Ş., gold and silver prices are expected to rise. As the ounce price of gold is projected to exceed 3,000 dollars and silver is expected to surpass 40 dollars, they will continue to remain attractive for investors.
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Troy Kıymetli Maden Ticaret A.Ş., one of Turkey's leading companies in precious metals trading, has released its "Precious Metals 2025 Expectations" report.
The report points out that the ounce price of gold, which saw historic record levels last year, is expected to continue its upward trend this year and exceed 3,000 dollars per ounce.
EAGERLY AWAITED BY INVESTORS
The "Precious Metals Expectations" report by Troy Kıymetli Maden Ticaret A.Ş., which was eagerly awaited by investors due to its price forecasts for precious metals, predicts that silver prices, which brought joy to investors last year, will continue their rise in 2025 and could exceed 40 dollars per ounce.
The report states that a "bull market" will prevail for precious metals, primarily gold and silver, as well as platinum and palladium, just as it did last year, and emphasizes that a positive year is expected.
"A MORE CAUTIOUS POLICY"
The Troy Kıymetli Maden Ticaret A.Ş. "Precious Metals 2025 Expectations" report states, "The FED, which cut interest rates by a total of 100 basis points last year, is expected to follow a more cautious policy this year in line with inflation expectations. However, even if cautious, we expect the continuation of interest rate cuts to reflect positively on precious metals. On the other hand, there is uncertainty regarding the extent to which US President Donald Trump will implement the policies he voiced during the election process regarding customs duties and what their impact on trade wars will be. To put it more clearly, 2025 will be a year in which investors will continue their interest in safe-haven assets due to political, economic, and commercial concerns. Furthermore, how successful China, the world's second-largest economy, will be in its steps to stimulate the economy in 2025 will be effective in the valuations of metals with industrial use."
GOLD PRICES INCREASED IN 2024
The Troy Kıymetli Maden Ticaret A.Ş. "Precious Metals 2025 Expectations" report discusses the world economy, central bank monetary policies, geopolitical risks, developments in global markets, the industrial supply-demand situation, and their potential effects on precious metals in detail. The report notes that the ounce price of gold reached historic levels last year due to factors such as the increase in geopolitical risks, interest rate cuts, and uncertainties created by the US elections, while silver prices rose to their highest level in the last 12 years.
It was stated that in addition to the geopolitical risks that have increased due to the Russia-Ukraine war, now in its third year, and the war between Israel, Palestine, and Iran in the Middle East, the uncertainties created by the US presidential elections have increased the orientation toward gold, which is seen as a safe haven. The report stated, "In addition to the increasing risks, some central banks, including the CBRT, showed significant demand for gold last year. Along with all these, the US Central Bank (FED) loosening its tight monetary policy and cutting interest rates starting in September pushed gold prices to historic levels such as 2,790 dollars per ounce. Gold prices, which eased slightly after the record level, closed 2024 at 2,623 dollars per ounce. Thus, gold offered its investors a 27 percent return in dollar terms last year."
The Troy Kıymetli Maden Ticaret A.Ş. "Precious Metals 2025 Expectations" report points out that 2025 will be a year in which risks will continue at a high level due to the wars in the Middle East and Ukraine, as well as the escalation of tensions in the commercial field due to Trump's possible high customs duty policies. The report stated, "In addition to geopolitical risks, we expect the increase in potential risks regarding global trade and possible interest rate cuts, even if they slow down, to increase the attractiveness of gold and have a positive effect on pricing. We also estimate that central banks will continue their demand for gold in the path of reserve diversification and that interest in ETFs will increase with the successful performance exhibited by gold. We foresee that factors such as geopolitical risks, central bank purchases, and interest rate cuts will continue to support the rise in gold prices this year, just as they did in 2024." The report emphasized that the "Bull Market" will continue in 2025 and that gold is expected to exceed 3,000 dollars per ounce.
HOW MUCH WILL SILVER BE?
The Troy Kıymetli Maden Ticaret A.Ş. "Precious Metals 2025 Expectations" report points out that silver, like gold, became a focus of investor interest last year due to the increase in geopolitical risks, economic uncertainties, and the rise in industrial demand. The report stated, "Silver was another precious metal that experienced a rally alongside gold last year. It managed to exceed the 30 dollars/ounce resistance level it last tested during the pandemic period. The white metal, which saw its highest point of the year at 34.87 dollars/ounce, rose to its highest levels of the last 12 years. Silver, which completed the year at 28.90 dollars/ounce with a slight easing, provided its investors with a 21 percent gain last year."
The report, which states that the continuation of geopolitical risks and interest rate cuts will affect silver prices in an upward direction in 2025, emphasizes that the fact that industrial demand will continue significantly in today's world, where we are in the process of transition to clean technologies and decarbonization, will also be effective in the increase of silver prices. The report predicts that 2025 will be a year in which silver will continue its upward movement and exceed the 40 dollars per ounce level during the year, with the expectation that industrial demand, especially for solar panels and electric vehicles, will increase and supply will lag behind demand.
The Troy Kıymetli Maden Ticaret A.Ş. "Precious Metals 2025 Expectations" report states that the increase in demand and supply for battery electric vehicles from hybrid vehicles has negatively affected the demand for platinum and palladium as it reduces the use of these metals. The report recalled that platinum closed 2024 with a 9 percent loss at 906 dollars, and palladium with a 17 percent loss at 914 dollars. The report stated, "We believe that the pricing of platinum and palladium at current levels is not sustainable from an operational perspective and estimate that they will enter a recovery phase toward their fair values. In this respect, we evaluate 2025 as a year in which platinum and palladium will challenge the resistance levels of the downward channel they are in."
The report states that platinum prices will be affected upward this year due to future demand for use in clean hydrogen technology, which holds an important place in the energy transition carried out in the fight against the climate crisis, and the increasing demand as jewelry due to the rise in gold prices. The report includes a forecast that the price of platinum, which started this year at the 906 dollars level, will rise due to the effect of supply-side restrictions and close this year at the 1,200 dollars level.
The report states that current levels create a buying opportunity for palladium, which has fallen to 900 dollars per ounce with the severe losses it has experienced over the last four years, and it is predicted that the palladium price will increase with future demand and complete the year at the 1,175 dollars level.
ABOUT TROY KIYMETLİ MADEN TİCARET A.Ş.
Troy Kıymetli Maden Tic. A.Ş. is an intermediary institution and a trading firm established with the permission of the Ministry of Treasury and Finance and is a member of the Borsa Istanbul Precious Metals and Precious Stones Market. It carries out activities such as buying and selling, trading, importing and exporting, physical delivery, physical transfer, physical acceptance, assaying, and refining of precious metals, primarily gold, and products manufactured from them, in accordance with TPK Decision No. 32; on its own behalf and account, on behalf and account of others, and for the purpose of intermediation on behalf of others, both domestically and internationally. It is also the owner of Goldtakas, Turkey's first and only online physical gold and silver market platform integrated with Borsa Istanbul.