Gold has broken through €100 barrier

The annual Precious Metal Forecast Survey 2025, published at the end of January by the London Bullion Market Association, shows that 20 of the 26 renowned analysts and commodity experts surveyed considered a maximum price of 3,000 US$ per ounce possible for gold in the US, with an average expectation for the gold price of 2,736. Today, the US dollar price for gold is significantly higher at 3,655. The precious metal has also performed very well in the Eurozone so far but has lagged behind the rate of appreciation in the US due to the weakening US dollar, which made gold proportionately cheaper in the Eurozone. Now gold has broken through a price barrier in the Eurozone as well.

One share of Xetra-Gold now worth over €100

Anyone who purchased bearer notes when Xetra-Gold was launched just under 18 years ago can look back on an excellent performance of their investment: in November 2007, one bearer note, corresponding to one gram of gold, cost around 17 €. This amounts to a price increase of just under 600 per cent to date. Over the last five years alone, the gold price in the Eurozone has almost doubled. The record year 2024 saw Xetra-Gold rising by 35.6 per cent, and by a further 23.6 per cent so far this year. Gold is thus one of the most successful assets of recent years and has performed better than almost all stock indices.

Gold price also at record levels in other regions

Globally, the precious metal has been in high demand in recent years as a safe haven and hedge against inflation. Currently, geopolitical conflicts as well as the threat and introduction of punitive tariffs render gold attractive as a diversifier and portfolio stabiliser for institutional and private investors alike. Since the turn of the millennium, the value of the precious metal has increased by more than 1,200 per cent on average across the world’s major currencies – proof of the importance of gold in investor portfolios.