Gold expectations

The price of gold is expected to rise throughout 2025 with a peak of between $2750 and $3000 (the price is set in $$), personally we see it pushing $3000+. Being UK based and with clients who buy in sterling, let's look at the price over the last few years in £.

Currently gold is trading at approx. £2140 per ounce, the average sterling gold prices for January from 2021 -2024 have been as follows:
Jan 2021 £1370.30 with 2021 year average of £1307.71
Jan 2022 £1339.68 with 2022 year average of £1457.96
Jan 2023 £1552.71 with 2023 year average of £1561.47
Jan 2024 £1601.91 with 2024 year average of £1866.51

We finished 2024 with the price of gold at £2083.2 and so far in January of 2025 we've seen a peak of £2142.02, so it doesn't seem too much of a stretch to see gold hitting over £2400, which would likely see us break the $3k barrier.

If you're looking to invest in physical gold, now could be a great time to maximise your gains.