Gold Set to Shatter Records in 2025 and Beyond, Analysts Say $4,000 Mark Will Be Left in the Dust
Gold is on track to break every record in the book — and stay there. According to a new Reuters poll of 39 analysts and traders, the annual average price of gold will soar above $4,000 per ounce for the first time in 2025, driven by a perfect storm of global instability, policy mistrust, and a new appetite for hard assets.
The forecast pins next year’s average price at $4,275 per ounce — a massive leap from the July prediction of $3,400. Even the 2024 estimate has been revised upward to $3,400, up from $3,220.
The metal has already surged more than 50% this year, reaching an all-time high of $4,381.58 earlier this month. If trends hold, 2025 will mark gold’s most explosive year since the inflation-blasted era of 1979.
A Shift From Speculation to Security
“Gold’s performance in 2025 reflects more than the strength of a rally,” said David Russell of GoldCore. “It marks an acceptance of a new reality… the market is no longer responding to short-term shocks but to a deeper loss of confidence in policymakers, currencies, and the financial system itself.”
The signs are everywhere. A weaker U.S. dollar, high interest rates, Trump’s tariffs, inflation fears, labor market slowdowns, and the latest government shutdown drama have all pushed investors into safe-haven territory.
Add to that central bank buying and rate cuts from the Federal Reserve — with more cuts expected this week — and gold has transformed from a hedge into a cornerstone of institutional portfolios.
$4K Is Just the Beginning
While the $4,000 milestone is symbolically massive, analysts say the market is looking beyond it. Prices have averaged $3,281 this year, but the new trajectory suggests this is no speculative spike — it’s a structural shift.
Even if the pace of growth slows in 2026, the long-term outlook is still bullish. Reuters expects prices to stabilize but stay high, locking in gold’s place as the world’s most reliable asset in uncertain times.
Silver Surge Fueled by AI and EV Boom
Gold isn’t alone in its breakout moment. Silver is now forecast to average $38.45 per ounce in 2025 and hit $50 in 2026, revised up from July’s estimates of $34.52 and $38. Supply is tightening as demand soars across multiple industries — particularly solar, electric vehicles, and AI-powered data centers.
Silver, often referred to as the “poor man’s gold,” has jumped 65% this year and briefly hit an all-time high of $54.47.
“Silver continues to see structural supply deficits,” said Zain Vawda of OANDA. “It benefits both from its role as a monetary hedge and its crucial industrial applications.”
In other words, silver isn’t just a backup option for gold buyers. It’s a key asset in the AI arms race and the energy transition.
America’s Economic Wild Card
Analysts agree that much of the current trajectory for gold and silver depends on what happens next in Washington. With President Trump doubling down on tariffs, and the Federal Reserve trying to manage rate cuts amid rising debt and political instability, investors are preparing for more volatility.
One thing is clear: hard assets are back. And for the first time in history, $4,000 gold isn’t a fantasy — it’s the new floor.