Gold, as a safe-haven asset, experienced a significant price increase in 2024. Facing inflation pressures and geopolitical tensions, central bank demand has risen. Looking ahead to 2025, the trend of gold prices is highly likely to continue upward, influenced by factors such as inflation, geopolitical issues, central bank demand, and competition from emerging assets. Investors should adjust their gold allocations based on their risk preferences and stay attentive to market developments.