Gold Price Forecast: Strengthening Trend Continues

December 2025 Outlook

Gold prices are anticipated to rise in December 2025, with forecasts suggesting a potential increase to US$ 4,263 per troy ounce ¹

. This prediction is based on various supporting factors, particularly sentiments from the United States. On a weekly basis, gold could further strengthen to US$ 4,328 per troy ounce ¹

Source 1

https://finance.detik.com/berita-ekonomi-bisnis/d-8236380/harga-emas-diramal-menguat-bulan-desember-ini-pemicunya

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2026 Price Projections

Analysts are optimistic about gold's performance in 2026, citing continued demand and limited supply. "The strategic reasons for holding gold remain strong through 2026," according to Joseph Cavatoni from the World Gold Council ²

. Key factors supporting this outlook include:

1. Rising inflation continuing to drive investors to safe-haven assets
2. Global economic uncertainty maintaining demand for diversification
3. Central bank purchases continuing to support gold prices

Market Analysis

The recent surge in gold prices has been remarkable, with prices reaching new records above US$ 4,300 per ounce in October ²

. While there has been a slight correction since then, prices remain significantly higher than previous years. As of late November, gold was trading above US$ 4,100 per ounce, compared to just above US$ 2,000 in November 2023 ²

Source 2

https://internasional.kontan.co.id/news/prediksi-harga-emas-2026-ini-perkiraan-para-ahli

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Expert Insights

Jim Wiederhold, commodity index manager at Bloomberg, notes that gold has shown one of the most stable upward trends over the past two years ²

. The combination of inflation concerns, economic uncertainty, and central bank buying has created a strong foundation for gold prices.