Gold prices could hit $4,000 by 2025: Bybit & FXStreet report

Bybit and FXStreet have released a new joint report predicting that gold could climb to $4,000 per ounce by the end of 2025, citing a powerful combination of macroeconomic stressors, technical strength, and investor flight from traditional markets.

The report follows gold’s surge to an all-time high of around $3,500 per ounce last month, marking a 26% gain year-to-date and a 41% increase over the past year, a stark contrast to the S&P 500’s 11% decline over the same period.

Safe haven demand

The report emphasizes that safe-haven demand is intensifying.

Investors are reacting to persistent inflation, a weakening US dollar, and the erosion of real returns in equity and bond markets.

Gold’s historic role as a hedge against currency devaluation has regained prominence, particularly as central banks and private investors look for protection amid fiat volatility.

The renewed rally is also being shaped by tariff-related fears stemming from the Trump administration’s trade policies.

The return of aggressive US trade measures has rattled global markets.

The report added:

The report notes that capital is being redirected away from vulnerable currencies like the euro, yen, yuan, and peso into gold reserves, as political neutrality and liquidity make the metal a preferred reserve asset.

Technical setup favors further upside

From a market structure perspective, gold remains firmly in bullish territory.

The MACD remains positive, and the 12-day moving average continues to lead the 26-day, confirming upward momentum.

Meanwhile, the RSI at 60 indicates strength without breaching overbought conditions.

Analysts expect gold to test and consolidate around $3,500, the current resistance zone, before targeting the next milestone at $4,000 per ounce by year-end, provided that macroeconomic and geopolitical conditions remain supportive.

The report also highlights silver as a compelling diversification play.

Despite lagging gold, silver is well below its 2011 high of $50 per ounce and stands to benefit from both safe-haven inflows and industrial demand, particularly as green energy and infrastructure projects gather pace.

As momentum builds, both gold and silver are reasserting themselves as essential components of a diversified portfolio in 2025, the report added.