Analysts tracking the gold price forecast 2025 drop note that current COMEX futures trade near $2,320/oz, with macro signals like falling inflation expectations and rising real yields increasing downside risk. If U.S. Fed policy stays hawkish, models indicate potential correction toward $2, The spark came from an unexpected drop in U.S. private payrolls. ADP data showed a 32,000 job decline in September, against forecasts for a 50,000 gain. With the government shutdown halting official labor data, traders are forced to lean on this miss for insights, leading to increased rate cut bets. Over the last few years, gold investing has surged in popularity, driving up demand and, in turn, prices. The price of gold has blown past several records, including the $3,400 per ounce mark . Currently, the gold price per ounce sits above $3,300 after starting the year around $2,600. Sustainability analysts note that if recycled gold supply rises 12% YoY — as early data suggest — the imbalance could meet softer demand and force a price adjustment consistent with gold price forecast 2025 drop scenarios.