For the first time, analysts in a Reuters poll forecast gold to average over $3,000 per ounce, with projections of $3,065 for 2025 and $3,000 for 2026.
Gold prices have already risen 25% this year, driven by trade tensions between the US and China, central bank buying, and a move away from the US dollar.
Meanwhile, silver is expected to average $33.10 in 2025 and $34.58 in 2026, with future growth supported by industrial demand and a structural market deficit.