Consensus Price Forecasts - Flight-To-Safety, Weak U.S. Dollar Boost Metals Prices

2025-07-11 06:50:00 ET

The take

Gold and silver prices rallied early in June as war broke out between Israel and Iran, but subsequent news of a ceasefire limited the increase. Consensus price targets for 2025–29 for gold, silver, and platinum have been raised, with ongoing geopolitical and macroeconomic risks driving safe-haven demand and speculative buying. Across the base metals markets, the ongoing deterioration of the US dollar bolstered prices, but tariff-related demand concerns continue to dampen market sentiments. Consensus price forecasts for base metals have been mostly downgraded amid uncertainties in the global trade landscape. Meanwhile, supply-side disruptions have provided upside momentum to cobalt price prospects....

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