Rick Kanda, Managing Director, stated, "There's no denying that 2024 has been a record year for gold. It's reached colossal new highs and broken records that none of us expected. This is thanks to a result of economic uncertainty, changes in global inflation and also increased demand for this commodity."
Kanda added, "It's predicted that by the end of 2025, gold will rise to $3,000 per troy ounce and thanks to its increased rises throughout this year, I fully expect that this will be the case. Global central banks are expected to maintain their gold buying momentum, which will be key to gold hitting that $3,000 value mark."
He further noted, "Another factor potentially making gold a lucrative commodity to invest in is geopolitical tensions and any monetary policy changes as throughout these changes, it's likely gold will continue to retain its worth during uncertain times."
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