Gold may be poised for new heights, with leading experts forecasting a potential 15% surge in the second half of 2025, according to the World Gold Council (WGC). Curiously, that is not the ceiling.
The WGC is not chasing illusions, though. Analysts also acknowledge a worst-case scenario, in which global economic and financial conditions deteriorate further. In such a case, demand for safe-haven assets could spike dramatically, potentially pushing gold prices up by 10% to 15%.
A less likely path, according to WGC experts, involves widespread geopolitical de-escalation. If peace prevails, gold could lose some of its shine, with prices potentially dropping by 12% to 17%.
Meanwhile, central banks and governments around the world continue to stockpile gold. The United States tops the global rankings for gold reserves, followed by Germany, Italy, and France. China and Russia take the fifth and sixth spots, respectively, according to WGC estimates.
