This year's gold is really fierce. According to statistics from the World Gold Council, gold prices hit more than 50 all-time highs throughout the year, with a return rate of more than 60%. Behind this wave of gains, the triple factor of geopolitical tension, weak dollar, and price inertia is superimposed, and institutions and central banks are frantically sweeping goods to seek safe havens.

But how will it go next year? The judgment given by the association is quite interesting - if the current macro environment remains unchanged, the price of gold is likely to enter a range shock. However, the script for 2025 tells us that the market always loves surprises.

Specifically, it depends on several possibilities: if the economy slows down and interest rates continue to fall, gold will rise moderately; If global risks do break out ( such as ) a severe recession, the price of gold may take off directly. In turn, if the new government's economic policies succeed more than expected - growth accelerates, geopolitical risks cool, and interest rates and the dollar both strengthen, then gold prices will have to be under pressure.

Of course, variables such as the central bank's gold purchase actions and market recovery volume will also disrupt the situation. But the core logic has not changed: in this era of uncertainty, gold, as the "ballast stone" in the asset portfolio, is still very stable. For crypto investors, paying attention to the trend of traditional safe-haven assets can also help you better understand market sentiment and capital flows.