The path of the Federal Reserve, not the dollar, is the key factor that will drive gold higher in 2025, the broker said.

Goldman pushed back on arguments that gold would struggle to rally next year, citing lower rates and central bank buying as key tailwinds for the metal.

Chennai: Gold made 40 new record highs y-t-d in 2024 and gold price has increased by more than 28 per cent, outperforming most of the global asset classes, finds World Gold Council. In 2025,