Gold prices have surged nearly 70% since September 2022, reaching a record high of $2,790.07 per troy ounce amid geopolitical tensions and weak economic indicators in Europe. Despite a recent drop, the long-term uptrend remains intact, with year-end targets revised to between $2,800.00 and $2,900.00, while a potential rise to $3,000.00 is anticipated in early 2025. Central bank buying, particularly from China, could further propel prices, with $3,113.00 and $4,000.00 as significant future targets.