New Delhi, Feb. 21 -- Gold prices have been on a strong upward trend in 2025, with analysts predicting that the metal could touch USD 3,000 per ounce by the second quarter of the year.

According to a report by Metals Focus, a metals research consultancy firm, gold's rally has been fuelled by economic uncertainties, geopolitical tensions, and investor sentiment.

It said, "the price surge raises the risk of short-term profit-taking, we expect the bullish trend to continue, with our base case forecast for Q2.25 seeing a high of USD 3,000".

On February 19, gold hit a record high of USD 2,947 per ounce before retreating slightly. However, it has remained above the USD 2,900 mark, showing resilience despite a stronger US dollar, rising bond ...