Gold will see plenty of support next year, spot price forecast to hit $2,950/oz in 2025 – Heraeus
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Heraeus forecasts that gold will receive significant support next year, with spot prices expected to reach $2,950 per ounce by 2025.
December 10, 2024 | 10:00 pm
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POSITIVE IMPACT
Heraeus's forecast of gold prices reaching $2,950/oz by 2025 could positively impact AAAU, a gold-backed ETF, as higher gold prices typically increase the value of gold ETFs.
AAAU is a gold-backed ETF, and its value is directly tied to the price of gold. Heraeus's forecast of rising gold prices suggests a potential increase in AAAU's value, as higher gold prices generally lead to higher ETF valuations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80