The expert did not rule out the growth of gold value to $3000 in 2025

In 2025, the cost of gold may reach $3 thousand per troy ounce, according to portfolio manager of Alfa Capital Management Company Dmitry Skryabin. He told Izvestia on November 21.

As follows from the Comex exchange data, the price of this precious metal is at $2666 per troy ounce.

"The main factors that could move gold prices up are geopolitics and the expectation of further rate cuts by the Fed (Federal Reserve System. - Ed.) of the United States. In the first case, gold will become a safe asset to hedge positions in the market, in the second - will benefit from lower yields on U.S. government bonds and the dollar rate," - explained the expert.

According to him, depending on the development of the geopolitical situation and comments from the Fed on December 18, the situation may develop differently. If expectations of another rate cut come true, gold will get serious support. At the same time, the geopolitical risk is also likely to remain, so gold is likely to remain in the range of $2600-2700 per troy ounce until the end of the year, Skryabin suggested.

"The further outlook involves a lot of unknowns, but there is a chance of reaching $3000 in 2025," he concluded.

Earlier, on October 14, Ruslan Spinka, director of sales and customer service at the investment company Fontvielle, told Izvestia that the price of gold may not change for years and then grow significantly. But, in his opinion, one should not try to make quick money on the precious metal, catching the best moment for buying and selling.