After international Gold prices surged by 27% last year, marking the largest annual increase since 2010, investment banks on Wall Street are Bullish about this year's Gold price trend. According to a survey by the Financial Times in the United Kingdom, surveyed bankers and refiners expect an average increase of 7% in Gold prices this year, with prices projected to reach $2,795 per ounce by the end of the year. Gold prices are expected to benefit from Global central bank purchasing activities, as countries gradually decrease their dependence on the dollar since the onset of the Russia-Ukraine war and subsequent sanctions imposed by the USA on Russia in 2022.

The USA Federal Reserve is expected to further cut interest rates this year; concerns over the rising debt levels post-President Trump’s takeover; as well as conflicts in Ukraine and the Middle East are all Bullish for Gold prices. Henrik Marx, Global Trading Head at Heraeus Precious Metals, predicts that international Gold prices could rise to $2,950, setting a new record. He adds that Trump's second term is likely to support Gold prices, as his announcement to increase borrowing tends to weaken the dollar and elevate inflation, which usually benefits Gold prices. The World Gold Council (WGC) anticipates that Gold prices will continue to rise this year, but the annual increase will narrow.

The most Bullish prediction for Gold comes from Goldman Sachs, which projects that by the end of the year, Gold prices will rise to $3,000 per ounce. Goldman Sachs believes that central bank demand and the US Federal Reserve’s interest rate cuts support Gold prices. The most Bearish predictions come from Barclays and Macquarie, forecasting that by the end of the year, Gold prices will drop to $2,500 per ounce, indicating about a 4% decline from current levels. According to Macquarie's baseline forecast, Gold prices will face pressure from a strong dollar, but are expected to be supported by physical Gold purchasing activities and stable official demand.