• Macquarie Group analysts forecast that gold prices may rise to a record high of $3,500 per ounce in the third quarter of 2025, driven by increasing demand for safe-haven assets amid economic uncertainties. Early Thursday, spot gold dipped 0.1% to $2,983.78 per ounce after briefly reaching a record $2,990.09, just shy of the key $3,000 mark. Despite the slight pullback, bullion remains on track for a second consecutive weekly gain, up 2.5% so far. Meanwhile, U.S. gold futures edged 0.2% higher to $2,996.70. The analysts expect an average price of $3,150 during this period, influenced by concerns over a growing US deficit and potential inflationary pressures. This bullish outlook aligns with the broader trend of rising gold prices, which have already increased by 12% this year, indicating strong market sentiment towards precious metals.

• The anticipated rise in gold prices could significantly impact mining companies and investors in the precious metals sector. Higher gold prices typically lead to increased revenues and profit margins for mining firms, enhancing their market positions. Additionally, as gold becomes a more attractive investment, companies involved in gold production and trading may see heightened interest from investors, potentially leading to increased capital inflows and stock price appreciation. This trend could also prompt strategic shifts among companies, including expansion plans or increased exploration activities to capitalize on favorable market conditions.