Wall Street Expects Gold to Glitter Again in 2025.

Gold had a strong performance in 2024, with prices rising 27% to $2,617.20 per troy ounce, outperforming the S&P 500 and Nasdaq Composite Index. Wall Street analysts predict further increases in 2025, with price targets of $3,000, citing factors such as lower interest rates, geopolitical uncertainty, central bank buying, and momentum in previous gold rallies. The precious metal's limited industrial demand and historical trend of long-lasting rallies contribute to its appeal as an investment option. Investors are turning to gold as a safe haven amidst global conflicts and economic uncertainties. [Extracted from the article]