Gold Market Insights: 2024 Review and 2025 Predictions
As we step into 2025, it’s the perfect time to reflect on the extraordinary year 2024 was for gold—and explore what the future may hold for precious metals like gold and platinum.
2024: A Record-Breaking Year for Gold
Gold outperformed all major asset classes in 2024, delivering an impressive 25.5% growth and reaching 40 new all-time highs, with a peak price of US$2,777.80/oz on October 30. This exceptional performance was driven by:
- Robust Central Bank Demand: Record-breaking gold purchases reinforced its status as a trusted reserve asset.
- Geopolitical Tensions: Global conflicts and a packed electoral calendar drove strong safe-haven demand.
- Weaker US Dollar: Declining yields and a softer dollar enhanced gold's appeal to global investors.
2025 Price Predictions: Gold & Platinum
With economic uncertainty and innovation shaping the market, gold and platinum are expected to remain strong performers.
Gold Price Predictions
- Baseline Estimate: $2,200–$2,400/oz
- Bullish Scenario: $2,500–$2,700/oz, driven by geopolitical conflicts or a weaker US dollar.
Platinum Price Predictions
- Baseline Estimate: $1,050–$1,200/oz
- Bullish Scenario: $1,300–$1,400/oz, supported by supply disruptions and growing demand from green energy technologies.
Trends to Watch in 2025
Central Bank Buying
Sustained demand for gold by central banks is likely to provide price support.
Geopolitical Risks
If global conflicts escalate, safe-haven interest in gold and platinum may surge.
Industrial Growth
Platinum demand is closely tied to advancements in hydrogen energy and automotive applications, particularly in green technologies.
Macroeconomic Factors
A volatile US dollar and continued low yields may amplify the appeal of precious metals as a reliable investment.
How Nebu Reflects Precious Metals’ Timeless Value
At Nebu, we take these insights to heart, crafting exquisite 24Kt gold jewelry and luxury bullion collections that embody the timeless allure and investment potential of gold and platinum.
Whether you’re looking for a financial hedge or a bespoke luxury piece, Nebu ensures you stay ahead of market trends while enjoying unmatched quality and craftsmanship.
Warm regards,
Helen Viljoen
CEO, Nebu