Investors predict gold will reach £2,700 per Troy ounce by the end of the year, according to BullionVault's latest survey. The metal previously hit £2,607 per Troy ounce in April, influenced by geopolitical events. Nearly half of respondents (47%) expect a 10% price rise, with 25% predicting a 20% increase. Geopolitical factors are believed to most significantly affect gold prices in the coming years, with government spending also highlighted. Monetary policy's influence has decreased, while gold demand and supply perceptions are gaining importance in price direction forecasts.
"Almost half of BullionVault's respondents (47%) forecast a rise of 10% and a further quarter (25%) predicted a 20% rise by year-end."
"A third of respondents (33%) expect geopolitics to have the greatest impact on gold prices between now and the end of 2025."
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