Bybit and FXStreet Publish a Comprehensive Report Forecasting Gold's Potential

DUBAI, UAE, May 1, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in partnership with FXStreet published a comprehensive report forecasting gold’s potential to reach US$4,000 per ounce by the end of 2025.

Key Highlights:

* As the macroeconomic landscape shifts, traditional safe-haven instruments like US Treasuries are seeing reduced demand, especially from exporting nations affected by US tariffs.

* This is leading to increased interest in gold as the only truly stable alternative for risk-averse capital.

* From a technical perspective, bullish signals remain in place. The MACD (Moving Average Convergence Divergence) is still positive, with the short-term (12-day) moving average remaining above the longer-term (26-day) average—a classic sign of continued upward momentum.

* The Relative Strength Index (RSI) stands at 60, which indicates healthy momentum without entering overbought territory.

The report, "Gold Surging Towards New Record Highs," provides a deep dive into the factors underpinning gold’s recent rally and its implications for investors.

The analysis shows that gold has surged to an all-time high of US$3,500 per ounce, marking a 26% increase year-to-date and a 41% gain over the past 12 months. In contrast, the S&P 500 has decreased by 11% over the same period, highlighting gold’s renewed strength as a reliable safe-haven asset.

This outperformance is attributed to several key trends. First, macroeconomic uncertainty and volatility are driving investors towards less risky havens. With the US dollar weakening, inflation persisting, and equity markets experiencing losses, gold is presenting itself as a more stable investment.

Furthermore, President Trump’s trade policies have reignited fears of a global tariff war, leading to a shift in capital flows. This uncertainty is driving capital towards gold, a politically neutral store of value.

As a result, traditional safe-haven instruments like US Treasuries are seeing reduced demand from exporting nations affected by US tariffs. This is due to the fact that Treasury yields are taxed in the payor’s home country, leading to exporters in nations like Canada, Japan, the EU, China, and Mexico preferring to hold zero-yield валютные резервы in order to minimize the tax burden on the interest income.

However, with US tariffs on key commodities like copper, nickel, aluminum, zinc, and steel, as well as the possibility of levies on gold itself, exporters and importers are now pivoting towards gold reserves as the preferred валютные резервы.

This shift is also motivated by the fact that, in a rising interest rate environment, the taxed portion of the Treasury yield is equal to the yield itself, rendering it less appealing, especially for exporting nations that are already bearing the brunt of US tariffs.

In contrast, gold, as a zero-yielding asset, would not be subject to any additional tax on interest income, making it the only truly stable alternative for risk-averse capital in the current macroeconomic landscape.

From a technical perspective, the MACD (Moving Average Convergence Divergence) is still positive, with the short-term (12-day) moving average remaining above the longer-term (26-day) average—a classic sign of continued upward momentum.

The Relative Strength Index (RSI) stands at 60, which indicates healthy momentum without entering overbought territory. This is despite the fact that the RSI is typically used for shorter time frames, while longer time frames are better suited for technical indicators like the MACD, which are still bullish.

Given the supportive macroeconomic backdrop, persistent geopolitical risks, and favorable technical setup, analysts are forecasting that the rally will continue short-term. Gold appears poised to test its next resistance level at US$3,500, with a potential to climb to US$4,000 per ounce by year end if current momentum holds.

In addition to gold, analysts recommend considering silver as an interesting addition to any portfolio. Historically moving in tandem with gold, silver remains significantly undervalued compared to its 2011 all-time high of US$50 per ounce.

This divergence can be explained by the fact that silver is also used in various industries, presenting an additional layer of demand compared to gold, which is primarily seen as a monetary metal.

With industrial demand also contributing to its strength, silver could benefit from both defensive capital flows and cyclical economic recovery, offering investors an additional layer of resilience.

Overall, the analysis suggests that gold’s rise to historic highs is the result of several converging forces: economic headwinds, inflationary pressure,