Gold likely to hit 3,175 during 2025, analyst says
Dollar hits onemonth low
All precious metals poised for weekly gains

Jan 24 Reuters Gold prices rose nearly 1 on Friday, lingering near record high levels scaled in October, steered by U.S. President Donald Trump39;s calls to lower interest rates and uncertainty surrounding his trade policies.

Spot gold rose 0.9 to 2,776.97 per ounce by 1210 GMT and was up 2.8 for the week. Prices are at their highest since Oct. 31, when they hit a record high of 2,790.15.

U.S. gold futures for February delivery rose 0.7 to 2,783.80 per ounce.

The dollar hit a onemonth low, making bullion less expensive for foreign buyers.

Gold39;s move towards a fresh alltime high has coincided with a correction in the dollar, which is lower following remarks by Trump that suggest he may go soft on tariffs and settle for a trade deal with China, independent analyst Ross Norman said.

We see gold as likely to hit 3,175 during 2025.

On Thursday at the World Economic Forum, Trump said he would demand that interest rates drop immediately. In an interview with Fox News, Trump said he would rather not have to use tariffs over China.

Zeroyield gold is known as a hedge amid political and economic turmoil and tends to do well in a lowinterestrate environment.

Trump39;s remarks come before the Federal Reserve39;s meeting next week, where the policymakers are widely expected to leave rates unchanged.

Spot silver was up 1.4 at 30.88 per ounce,…