Morgan Stanley’s risk-adjusted model assigns a 65% probability to the "gold price forecast end 2025" finishing between $2,210 and $2,290, factoring in currency fluctuations, geopolitical events, and interest rate paths. Western Copper and Gold is not owned by hedge funds. Rio Tinto Group is currently the largest shareholder, with 9.4% of shares outstanding. With 6.5% and 4.2% of the shares outstanding respectively, Kopernik Global Investors, LLC and FMR LLC are the second and third largest shareholders. Additionally, the company's CEO Sandeep Singh directly holds 1.1% of the total shares outstanding. “While the key factor since 2022 used to be central bank buying alone, ETF investors are now joining the gold rally,” Thomas says. “As both compete for the same bullion, we are expecting gold prices to rise even further.” According to Citi Research, the "gold price forecast end 2025" could test $2,350/oz if nominal yields retreat below 3% on U.S. 10-year Treasuries. Disinflation without aggressive rate hikes tends to amplify safe-haven asset inflows.