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Story perspectives

Gold Soars 60.6% in 2025; Strong Outlook Ahead

12/5/2025

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Story summary
  • Gold is set to finish 2025 with a 60.6% gain, its best in over 40 years, after surpassing 50 all-time highs.
  • Geopolitical risks, a weaker U.S. dollar, and higher investor flows drive the rally.
  • The World Gold Council (WGC) forecasts gold could rise 5%–15% in 2026, supported by softer growth and accommodative policies.
  • South African gold producers face rising costs and mining challenges, including regulatory issues.