Gold’s best year in decades in the making—what can make it happen

With projections increasingly nearing $4,000 and ounce, 2025 may be the best year for gold prices in decades. Even by the relatively conservative estimate from Goldman Sachs, which pegs gold at $3,700 by end-2025 — implying a 13.5% upside from current levels — it would mean a rally of over 40% this year, beating records since 1979, the year of the Islamic revolution in Iran.