Gold Smashes Forecasts – Now Traders Look to $5,000
Gold has surged to new highs in recent months, continuing a powerful run that has outpaced most competing assets and rewritten many analysts’ expectations.
What began as a gradual climb has rapidly turned into a sprint, forcing market watchers to reconsider their projections for where the precious metal could land by the end of 2025.
After steadily advancing since late 2023, gold finally broke the long-anticipated $3,000 mark in March 2025—a milestone forecasted for over a year by figures like Bloomberg’s Mike McGlone. But instead of slowing down, momentum has only increased, putting even the $4,000 price target at risk of being surpassed much sooner than anticipated.
To put it in perspective, it took nearly two years for gold to move from $2,000 to $3,000. At its current trajectory, however, the jump to $4,000 could happen in under three months. If this pace continues, some are beginning to float the possibility of a $5,000 gold price within the year—though that remains a stretch.
Skepticism remains, especially about that higher target. While $4,000 now appears within reach for 2025, the idea of gold hitting $5,000 by year’s end is more contentious. Investment strategist Ed Yardeni sees that level as a possibility for 2026, not this year. The main driver of gold’s climb has been global economic instability—from fears of inflation and rising tariffs to the ripple effects of frozen state assets like those of Russia, which have fueled central bank gold accumulation.
Still, those same macroeconomic conditions may not stay severe enough to support such lofty prices. Without a continued sense of crisis, gold demand could taper off. And even recent performance suggests some volatility—gold briefly topped $3,500 before quickly pulling back to around $3,460.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
