Gold concluded 2025 as a prestigious investment asset, achieving a series of unprecedented rises against the US dollar. The price per ounce reached its peak during the year at $4,549.71, before settling at the end of the year at a level between $4,300 and $4,310.
The price of the precious metal on Thursday was around $4,300 an ounce, after recording a record high of “$4,549 an ounce.”
Throughout the year, gold recorded an increase of nearly 64%, its best performance since the late seventies. The last weeks of December witnessed a temporary decline due to low liquidity during the holiday season, but the weekly market situation indicates strong support at the “$4,000” level, which maintains the upward trend of the precious metal.
On December 29, 2025, gold faced a corrective wave, as spot prices fell by more than 4.5% in a single session, recording the largest daily decline in more than two years. This decline led to a temporary halt in the record rise that saw an increase of more than 70% since the beginning of the year. This decline is attributed to profit-taking, a rebound in the value of the dollar, and rising margin requirements in major exchanges.
Analysts expect gold to remain among the best-performing commodities in 2026, thanks to strong demand from central banks and escalating global tensions.
Goldman Sachs expects gold prices to reach around “$4,900 an ounce” by next December, with expectations that central banks will buy around “70 tons per month,” four times pre-2022 levels.
