Gold prices could touch $4,500 an ounce by the end of 2025, says Jeffrey Christian, Managing Partner at CPM Group, who believes that growing investor anxiety, economic uncertainty, and speculative trading are all driving the current momentum in precious metals. He adds that by 2026, the average gold price could hover around $5,000, suggesting further strength ahead. “We wouldn’t be surprised to see $4,500 by the end of this year, possibly somewhat higher… and in 2026, we expect the quarterly average to be around $5,000,” Christian said.

The optimism on gold comes despite volatility. Christian stated that while gold has briefly spiked to higher levels, it’s the average price that offers a clearer long-term view. “People say gold was $4,400 this year—yes, for a day or two—but the average is

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