Overview

• December Comex gold briefly reached $4,000.05 per ounce and traded around $3,996.5 at 7:27 MSK on Tuesday, a new all-time high.
• Nikolai Maslikov of BCS told TASS he expects an average gold price of $3,250 per ounce in 2025.
• He attributes recent gains primarily to geopolitical uncertainty and sustained central-bank reserve buying.
• Maslikov says prices could retreat if geopolitical tensions ease and that he would revisit the forecast only if high levels prove durable.
• RIA cites analysts noting market odds above 80% for Fed rate cuts later this year, with a U.S. government shutdown also viewed as supportive for gold.