The gold price has sharply increased, breaking through its previous growth zone. As a result, a historic price has been established in the market, making gold an increasingly secure investment for investors. The average price of gold on the London Metal Exchange in 2024 is projected to be $2,389, reflecting a 22.9% increase from the previous year. In the first seven months of 2025, it is expected to reach $3,115, showing a 30.4% increase from the previous year. These increases continue to persist.
The price of gold, which is currently attracting the most attention from investors, is pushing for a new increase, reaching $3558 per ounce and setting a new historical high. Central banks of countries continue to stockpile and purchase gold without losing momentum.
The Federal Reserve of the USA reducing its policy interest rate in 2024 sharply increased the demand for gold and had a direct impact on its price increase. Since then, the demand for gold has continued to rise. Due to the increasing global uncertainty, the price of gold is expected to continue rising in the future. Gold surpassing the threshold of $3500 per ounce indicates that the American economy is performing poorly, and it will greatly depend on how the Federal Reserve adjusts its policy interest rate.
Source: mining.mn 2025/09/04