Gold’s Ascent: Majority of Institutional Investors Bet on Record Highs in 2025
A significant survey of global investors reveals a strong bullish consensus on the price of gold, with expectations set for a potential record-breaking surge in the coming year.
Overwhelming Optimism for Gold
A Goldman Sachs poll of more than 900 institutional investors on its Marquee platform shows that a vast majority are optimistic about gold’s trajectory. According to the survey, conducted from November 12 to 14, over 70 percent of these major investors anticipate the price of gold will rise next year.
The largest single group, representing 36 percent of respondents, forecast that gold will maintain its upward momentum and surpass $5,000 per troy ounce by the end of 2025. An additional 33 percent expect the yellow metal to reach a range of $4,500 to $5,000. In contrast, a mere five percent believe the price will retreat to a range of $3,500 to $4,000 over the next 12 months.
Key Drivers Behind the Rally
The survey highlights two primary factors underpinning this positive outlook. Thirty-eight percent of respondents identified substantial buying by central banks as the most important driver for rising gold prices. A further 27 percent pointed to ongoing fiscal concerns as a key motivator.
This sentiment is already reflecting in the markets. Recently, gold prices climbed to a two-week high, buoyed by growing expectations of interest rate cuts from the U.S. Federal Reserve.
Gold’s Enduring Appeal in Global Markets
This broad-based interest from a diverse range of investors—from retail buyers to hedge funds—underscores gold’s traditional role as a safe-haven asset. In times of economic uncertainty, it is widely seen as a shield against risks such as inflation, geopolitical tensions, and a weakening U.S. dollar.
Furthermore, central banks worldwide have significantly increased their accumulation of gold reserves. The metal’s high liquidity, absence of default risk, and its position as a relatively neutral reserve asset make it particularly attractive for national financial institutions.
Analysts Echo the Bullish Forecast
Market analysts support this positive long-term outlook. Phil Streible, chief market strategist at Blue Line Futures, stated that gold’s bullish trend is likely to continue into 2026. He told CNBC, “The global economic outlook continues to support gold. Many countries are still facing slowing economic growth and rising inflation.”