The price of gold continues its spectacular rally, reaching new all-time highs of over USD 3,600 per troy ounce. Since the beginning of the year, the price has climbed from around USD 2,630 to currently more than USD 3,600 – an increase of over 35 percent.
Strong demand drives prices
The main drivers of the increase are continued high demand from central banks, particularly in China and India, as well as inflation fears and geopolitical uncertainties. Emerging markets are increasingly diversifying their currency reserves with gold.
Limited supply reinforces upward trend
The supply of gold is rising only moderately: mine production will grow by just 2.6 percent in 2024, while demand is picking up significantly. This market dynamic supports the long-term upward trend.
Positive outlook
Market experts see further potential. After the summer lull between USD 3,200 and USD 3,500, recent developments indicate a continuation of the upward trend. Long-term forecasts reach USD 7,000 for 2030. Gold remains attractive as a hedge against inflation and for portfolio diversification, even at current highs.
Do you have any questions about gold and precious metals? The experts at SINCONA TRADING are happy to provide you with competent advice.
SINCONA TRADING AG is an independent private Swiss company in a prime location in the centre of Zurich. We specialise in the physical trade in gold and precious metals and the secure and discreet storage of your valuables in our safe deposit boxes which are independent of the banking system.
As a sister company of the well-known, internationally renowned Swiss coin auction house, SINCONA Swiss International Coin Auction AG, we have precious metals and the trade in precious metals in our blood and will be pleased to help you to buy or sell gold and other precious metals simply and discreetly. Centrally located on the banks of the delightful river Limmat in a building which was formerly a branch of a major Zurich bank, we offer discreet, secure storage of your assets and important documents in our high security vault, outside the banking system.
We are pleased to be able to accept the cryptocurrencies Bitcoin (BTC) and Ether (ETH) as a means of payment for safe deposit box rentals in collaboration with Bitcoin Suisse AG (Zug, Switzerland) with immediate effect.
We are happy to provide further information on this type of payment.
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+41 44 215 30 90info_at_sincona-trading.comMon–Fri: 9.00–17.00 Uhr
SINCONA TRADING AG
is a member of SRO PolyReg
©2025 SINCONA TRADING AG
