Capital Economics ups end-2025 gold price forecast to $2,750/oz.

Capital Economics boosted its gold price forecast for the end of the following year, although it was expecting a bumpy ride.

In a research note sent to clients, the economic consultancy raised its end-2025 price forecast for the yellow metal to $2,750/oz..

However, they added that "But even though we now forecast gold prices to end next year about 10% higher than their current level, the path between now and then is unlikely to be smooth.

"In fact, we think it is more likely than not that gold prices will fall, potentially sharply, before rising again."