Natixis - Gold : Onwards and Upwards ?

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Natixis

Bernard Dahdah

Gold : Onwards and Upwards ?

Amidst last week’s Trump tariff threats on China and the potential sacking of Powel l , the price of gold reached a record high of $3,500/oz. Since then, gold prices have pulled back as Trump used softer language. In this report, we discuss if at $3,500/oz the price of gold has already peaked and if $3,000/oz is a new floor. We also give our updated base case price outlook for 2025 and 2026

24/04/2025 1 EN

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Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

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Analysts

Bernard Dahdah

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Gold : Onwards and Upwards ?

Credit supply outlook for 2026

Financial Forecasts December 2025

Prévisions Financières décembre 2025

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