Gold to Trade Steadily in H2, WGC Sees $5,000 Ceiling
World Gold Council analysts expect gold prices to remain broadly stable in the second half of the year, oscillating within a 5% range around $4,100 per ounce, with an upside ceiling of $5,000.
Analysts at the World Gold Council (WGC) forecast a period of relative stability for gold through the remainder of the year, with prices expected to fluctuate within a 5% band from the current level near $4,100 per troy ounce.
They have identified a potential upside ceiling of $5,000, suggesting that while upside is limited in the near term, the precious metal is not expected to breach that level in H2 2025.
The outlook indicates a sideways trading pattern rather than a strong directional move, reflecting a balance of market forces.
Source: FXStreet Forex News