Gold prices may fall by 14% by 2025
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Gold on the international market by 2025 will fall in price by 14% from current levels, follows from the report of the Moscow Energy Center of the consulting company B1 (former EY in Russia), which was reviewed by Vedomosti. Experts expect the average price in 2023 to be $1,790 per troy ounce, $1,780 in 2024, and $1,710 in 2025. The London Bullion Market Association (LBMA) evening fixing price on April 17, 2023 was $1,995.55 per ounce.
In the coming years, the level of gold consumption will decline due to the expected decrease in the volume of purchases from the central banks, which will lead to a drop in quotations, the explanation to the forecast says. The pressure on prices will also be exerted by the course of tightening monetary policy, which regulators do not intend to give up yet, it is noted there.
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