Washington – Saba:
The World Bank has projected that gold will continue its upward trend next year, gaining an additional 5% after surging 42% in 2025.
In its latest report released on Wednesday, the Bank estimated that gold prices could reach nearly double the average levels recorded between 2015 and 2019.
The report also noted that silver prices are experiencing a historic leap, with an expected annual average increase of 34% in 2025, followed by an additional 8% rise in 2026.
However, according to experts cited by Reuters, the price of gold could reach $4,980 per ounce within the next twelve months — a 27% increase from current levels.
The Bank attributed the notable surge in precious metal prices to the growing demand for safe-haven assets amid global economic uncertainty, as well as continued central bank purchases of gold to strengthen monetary reserves.
The report did not rule out the possibility that geopolitical tensions and regional conflicts could drive oil prices higher, further boosting demand for gold and silver as safe-haven investments.
It also warned that the strong El Niño climate phenomenon could disrupt agricultural production and add pressure to food and energy prices.
In the same context, the Bank projected that expansions in artificial intelligence technologies and the rising electricity consumption needed to power data centers will increase demand for base metals such as aluminum and copper — strengthening gold’s role as a key hedging tool in an era of rapid economic and technological transformation.
Conversely, the report cautioned that other commodity prices could fall more than expected if the global economic slowdown persists and trade tensions drag on. It also noted that increased oil output from OPEC+ could expand supply and push prices lower.
Finally, the Bank predicted that the rapid spread of electric vehicles by 2030 will significantly reduce global oil demand.
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