As of March 29, 2025, gold continues its upward trajectory, reflecting both economic uncertainties and sustained demand.
Current Gold Prices:
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International Market: Spot gold is trading around $3,085.78 per ounce, marking a notable increase from previous weeks.
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Pakistan: The price of 24-karat gold has reached an all-time high of PKR 325,700 per tola (approximately 11.66 gram
Market Forecasts:
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Bank of America (BofA): BofA has raised its 2025 gold price forecast to $3,063 per ounce, citing ongoing uncertainties from U.S. trade policies as a sustaining factor for prices. 2
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Goldman Sachs: Goldman Sachs has increased its end-2025 gold price forecast to $3,300 per ounce, up from $3,100, due to stronger-than-expected ETF inflows and sustained central bank demand.
Investment Considerations:
Gold has traditionally served as a hedge against inflation and economic instability. However, experts caution about potential corrections due to overbuying and crowded trading. Factors such as de-escalation of geopolitical tensions and improving market stability could influence gold prices in the short term.
SPDR Gold Shares ETF (GLD):
For investors seeking exposure to gold without physical ownership, the SPDR Gold Shares ETF (GLD) is a popular option. As of March 29, 2025, GLD is trading at $284.06, reflecting a 0.75% increase from the previous close.
Conclusion:
Gold prices are influenced by a complex interplay of factors, including economic policies, geopolitical events, and market dynamics. While current trends show significant increases, potential investors should remain mindful of the inherent volatility and conduct thorough research or consult financial advisors before making investment decisions.