Experts have cited several factors contributing to the increase in gold prices. The central banks' purchases of gold, geopolitical instability, and the easing of monetary policies were significant contributors to the rise in gold prices throughout 2024. The year 2024 marked the most favorable period for the gold market since 2010.

On the last day of 2024, gold prices rose by 0.4%, reaching $2,615 per ounce. This was the highest point in the spot market.

Investment analysts suggest that gold prices may continue to rise in 2025. Geopolitical tensions and the demand from central banks are expected to be key factors driving the price increase. Anika Gupta, Director of Macroeconomic Research at , stated, "Geopolitical risks and the easing of monetary policies have supported the increase in gold prices, and Exchange Traded Commodities (ETCs) were a major driver of gold price growth in 2024."

Additionally, the U.S. Federal Reserve's interest rate cuts and the increase in the exchange rate of the dollar have played a significant role in the rise of gold prices. Experts predict that gold prices could continue to increase in 2025, although the pace of interest rate cuts by the Fed may slow down.

Specialists believe that if geopolitical tensions rise and central banks continue their demand for gold, the price of gold may remain on an upward trajectory in 2025. Han Tan, Chief Market Analyst at Group, mentioned, "The gold market could continue to rise in 2025, particularly if geopolitical tensions increase under the Trump administration."

Commodity strategist Dan of Goldman Sachs added, "Gold prices could reach $3,000 per ounce in the future, driven by central bank demand and Fed's interest rate cuts."

In the past year, silver prices have also risen, with a 22.48% increase, bringing the price per ounce to $28.84. However, on the first day of 2025, silver prices saw a slight drop of 0.39%.

Throughout 2024, gold prices broke numerous records. Notably, in the third quarter, total gold demand exceeded $10 billion. On October 31, 2024, the price of gold reached an all-time high of $2,790.15 per ounce, although it has since declined somewhat.