Gold Price Ramal Observer Tembus 3,600 US Dollars Per Troy Ounce In 2025

Illustration. (Photo: Doc. Antara)

Money market observer Ibrahim Assuaibi projects the world's gold price to reach 3,600 US dollars per troy ounce by 2025.

"The outlook for gold prices has changed this year, not 3,400 again. It could be at 3,600 (US dollars per troy ounce)," Ibrahim said in Jakarta, quoted by Antara, Wednesday, April 16.

In the second quarter of 2025, he projects that world gold prices can start to penetrate the level of 3,400 US dollars per troy ounce.

"If (Wednesday) this afternoon has reached 3,300, it means that the target of 3,400 US dollars per troy ounce can be in the second quarter of 2025," said Ibrahim.

He explained that currently sentiment is encouraging the strengthening of gold prices, including the ongoing tension of trade wars at the global level, especially between the US and China.

He continued, the increasing geopolitical tension in the Middle East region, which concerns countries including Iran, Kuwait, the US, and Israel.

In addition, market expectations are increasing that the Federal Reserve (The Fed) will lower its benchmark interest rates for the remainder of 2025.

The expectations of the US central bank's dovish stance followed the decline in the US inflation rate from 2.8 percent to 2.4 percent in March 2025, or close to the Fed's target of 2 percent.

Gold prices have risen 2 percent on Thursday, breaking the figure of $3,300 per troy ounce for the first time in history, according to trading data released on Wednesday.

At 04.57 GMT, the price of gold for the June futures contract on the New York Comex exchange rose by 61.22 US dollars to 3,301.62 US dollars per troy ounce.