Gold rally will continue in 2025, spot price to average $2,800/oz in H1 – ING
Portfolio Pulse from
ING predicts that the gold rally will continue into 2025, with the spot price expected to average $2,800 per ounce in the first half of the year.
December 12, 2024 | 5:30 pm
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POSITIVE IMPACT
The prediction by ING of a gold price rally into 2025, with an average of $2,800/oz, is likely to benefit gold ETFs such as GLD.
ING's positive gold price forecast is likely to enhance the attractiveness of gold ETFs like GLD, which are directly tied to gold prices.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
ING's forecast of a continued gold rally into 2025, with spot prices averaging $2,800/oz, could positively impact gold ETFs like IAU.
The forecasted increase in gold prices by ING suggests a positive outlook for gold-related investments, including ETFs like IAU, which track the price of gold.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70