Gold prices are expected to continue to rise in 2025 even though the yellow metal is now overpriced, said Deveya Gaglani, commodities research analyst at Axis Securities.
Spot gold has noted its best year-to-date performance since 2007, reflecting increased optimism among investors about the precious metal.
Prices are in an overbought territory, but geopolitical tensions, strong demand from China and a Fed rate cut are likely to lend further support to prices, the analyst said.