Gold, often considered a safe-haven asset, is expected to shine even brighter in the coming months as analysts predict its price could surpass $2,500 an ounce. A weakening dollar is seen as a key factor driving this surge, as the greenback has dominated the gold market. In the past year, gold has outperformed many major asset classes, defying rising interest rates and serving as a reliable hedge against inflation. Experts forecast that by the end of next year, gold prices could rise by more than 26 percent, reaching the $2,500 mark.

The anticipation of a potential recession and stagflation in the global economy is driving this positive outlook for gold. In times of economic uncertainty, gold has historically been favored as a store of value and a hedge against inflation. While some market analysts expect the dollar’s current momentum to wane as the Federal Reserve may shift its monetary policy stance, gold remains well-positioned to reach new all-time highs, provided the dollar weakens. While short-term volatility may persist, gold’s resilience in recent months, despite high bond yields, suggests strong potential for further gains in the precious metal’s value.