Gold price forecast q2 2025 could be impacted by ETF redemption

Gold price forecast Q2 2025 could be impacted by ETF redemption trends; a reversal to net inflows in Q2 might tighten supply dynamics in the spot market. Breakeven costs averaging $70 per barrel for new wells, with the Permian Basin offering competitive economics at $61 per barrel, create profitability challenges at current price levels. Industry leaders report losing money below $60 crude, with one executive warning that drilling activity would “disappear” if administration policies push prices toward $40 per barrel. "As of 30 June 2025. The funds shown above were selected based on the top four funds with the highest inflows year-to-date. Source: Bloomberg, Company Filings, ICE Benchmark Administration, World Gold Council Interbank liquidity conditions are adding complexity to the gold price forecast Q2