Gold 
“Gold prices rose to fresh record highs during February 2025. A combination of fundamental factors, seasonal strength in gold prices, and momentum should help keep gold prices near these record high levels in the near term, with the potential for gold prices to rise to fresh record highs. That said, gold prices have risen swiftly to unprecedented levels, which could result in short-term pullbacks. Prices could test $3,000 or even $3,100 over the course of this year, however a pullback in gold prices to $2,750 on their journey to these higher levels cannot be ruled out. While a decline to $2,750 is sharp, it was a level at which gold prices stood at the end of January 2024 and is higher than previous gold prices.
As mentioned in previous editions of this report, the primary factor supporting gold prices at this time is an elevated level of both political as well as economic uncertainty. The Trump administration is moving briskly on various campaign promises using approaches, like imposing tariffs on its major trading partners or slashing large swaths of government jobs, that could have a net negative economic consequence for both the U.S. as well as the global economy. In such an environment it would be unwise to bet against gold. While the market is not immune to pullbacks, any such softening in prices should and will be used by investors as a buying opportunity.”
The full Precious Metals Advisory report is available directly from CPM Group. For more information, visit their website, www.cpmgroup.com
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
