Last Friday, gold made history by breaking through the $3,000/oz. barrier for the first time ever. While this milestone is significant, if you think gold’s rally is over, think again. It’s very likely this is just another step in gold’s long-term climb.
Gold’s latest surge isn’t happening in a vacuum.
Economic uncertainty has been a major driver for the precious metal’s latest boost, with many looking for a safe option to grow their wealth as global instability rises. Trade tensions, policy risks, and concerns about inflation have all contributed to gold’s strength.
Meanwhile, stock markets have struggled, with both the S&P 500 and the Nasdaq entering correction territory. This volatility makes gold an even more attractive option for portfolio holders because its continued rise has reinforced gold’s reputation both as a financial hedge and a growth asset.
Big banks and market experts have taken notice.
As gold’s rally has continued, so have predictions of even further growth. UBS Investment Bank and BNP Paribas have both raised their gold price forecasts in 2025 to $3,100/oz., expecting further gains as policy risks persist. Macquarie Group has gone even further, projecting gold could reach $3,500/oz. by the end of Q3 2025 fueled by central bank demand and a shifting global economy. Billionaire and DoubleLine CEO Jeffrey Gundlach, widely known as the “Bond King,” has predicted that gold could climb as high as $4,000/oz., though perhaps not before the end of 2025. Gundlach cites instability in the financial system and increasing demand from central banks as the major forces supporting record gold prices.
These forecasts point to a larger trend for gold.
Over the past few decades, gold’s price has risen in response to both positive and negative economic conditions. It has outperformed the S&P 500 over the last 20 years. And in the current economic landscape, gold’s trajectory could continue even higher.
Crossing $3,000/oz. is a historic moment—and another opportunity for those who already own gold to appreciate its strength in uncertain times.
