Despite a good increase of 20 % last year, the course of the Once d’Or continues to climb. He reached a new record of $ 2,798 on February 3, after an increase of 7 % since the start of the year. “Its course was stimulated by investors’ concerns that President Trump could impose customs duties on yellow metal. In anticipation, huge gold reserves have been transferred to the United States,” analyzes Cashbee. Geopolitical tensions also play in favor of an appreciation.
According to Benjamin Louvet, director of pregnant raw materials of OFI Invest Am, the “barbaric relic” could continue its rise until reaching the level of the $ 3,000 on the ounce. But, according to this expert, another precious metal could be even more valuing this year: money. Its market has experienced a deep evolution for a few years because this metal is widely used in low-carbon technologies, in particular solar and electric mobility.
Industrial activities, growing, now represent 55 % of total demand, according to OFI Invest AM. However, on the offer side, production is very constrained and has been stagnating for ten years. “Limited mining offer, declining stocks and industrial demands which should continue to grow: all the ingredients are gathered so that money continues to increase in 2025. An increase in the order of 20 %, bringing courses between 36 and 38 Dollars the ounce, seems completely plausible, “said Benjamin Louvet.