Gold-Silver Ratio Hits 100:1 – A Historic Buying Signal for Silver 
Gold is forecast to hit a record average price of $3,210 in 2025 – a 35% surge that would surpass its inflation-adjusted 1980 peak – according to Metals Focus’ annual Gold Focus report. The bullish outlook is driven by economic uncertainty around Trump’s trade policies, U.S. debt concerns, geopolitical tensions, and record central bank buying.
Central banks purchased a record 1,086 tonnes of gold in 2024 as they diversify away from the U.S. dollar amid geopolitical risks and mounting concerns about America’s fiscal trajectory. Trump’s reintroduction of tariffs and trade war fears are undermining global economic confidence while raising U.S. recession risks and damaging dollar confidence.
Despite record high prices, gold demand remains resilient with strong Asian investor interest offsetting Western market weakness. Physical demand held up better than expected, with value terms showing gains across all regions. The report expects “further all-time records to be achieved later in the year” as macroeconomic uncertainty and geopolitical risks continue supporting investor interest, with any price dips likely to be bought by investors.
