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Trading Economics

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uuid0006ax2

Namestring
Trading Economics
Legal namestring
Trading Economics
Company typeenum
Private
Founded yearint
2008
Descriptiontext

Trading Economics is a privately held financial and economic data aggregation platform founded in 2008 and headquartered in the United States. The platform provides access to 20 million economic indicators across 196 countries, covering commodities, currencies, stock indexes, government bonds, cryptocurrencies, and macroeconomic metrics including GDP, inflation, unemployment, and interest rates. Core offerings include a free web platform with real-time market data, tiered Data Subscriptions for historical downloads, an API Gateway for programmatic access, an Excel Add-in, dedicated iOS and Android mobile applications, an Economic Calendar, country-level indicator pages, and forward-looking forecasts across asset classes and macro variables. The interface supports 17 languages, reflecting an international user base drawn primarily through organic search; the site reportedly receives approximately 1 billion page views annually.

The platform is built around a self-serve, product-led go-to-market model with a freemium entry point that converts individuals and SMBs into annual subscription plans, while enterprise and developer customers access data via API contracts and the Excel Add-in. Revenue streams consist of recurring Data Subscriptions, API Access, and Excel Add-in fees, supplemented by distribution partnerships such as the Statista data reseller agreement. Named customers span financial media, research desks, and data aggregators (Statista, TD Economics, Seeking Alpha, Supply Chain Dive, ANS), indicating a horizontally positioned customer base rather than a single vertical dependency. The company operates with 51-100 employees and is led by co-founder Antonio J Fernandes Sousa alongside managing directors Antonio Sousa and Anna Fedec. No venture or private equity funding, M&A activity, or revenue figures have been publicly disclosed.

Short descriptiontext

Trading Economics is a privately held financial data platform aggregating 20 million economic indicators across 196 countries, serving traders, analysts, developers, and media through web, API, and mobile subscription channels.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersNew City, United States
HQ citystring
New City
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
economic data platform, financial market data, macroeconomic indicators, data subscriptions, financial data API
NAICS code1 code
  • Securities, Commodity Contracts, and Other Financial Investments and Related Activities523
Product category
Financial and Economic Data Platform
Social media profiles2 records
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model3 records
1Data Subscriptions
TypeSubscription Recurring
Description

Subscription-based access to historical data downloads for 20 million indicators, with tiered plans for individual and enterprise users

tradingeconomics.com
2API Access
TypeSubscription Recurring
Description

Programmatic data access through API gateway for developers and applications, enabling integration into third-party platforms and applications

tradingeconomics.com
3Excel Add-In
TypeSubscription Recurring
Description

Excel plugin for direct data import into spreadsheets for analysis and reporting

tradingeconomics.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels5 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Technology or R&D, Infrastructure, Personnel, Marketing or Sales, Operations
Pricing details2 tiers
1Free access with basic data features
ModelFreemiumBilling cadenceOthers
Notes

Basic market data, indicators, and calendar access available at no cost

tradingeconomics.com
2Premium subscription with full data access
ModelSubscriptionBilling cadenceAnnual
Notes

Full historical data downloads and premium features for professional users

tradingeconomics.com
GTM typeB2B
B2B
Offering typeSoftware
Software
Core offering1 text field

Trading Economics is a financial and economic data intelligence platform that aggregates and distributes 20 million indicators from 196 countries, covering commodities, currencies, stocks, bonds, cryptocurrency, and macroeconomic metrics such as GDP, inflation, unemployment, and interest rates. The platform is delivered through a self-serve web portal, iOS and Android mobile applications, programmatic API access, and an Excel Add-In. Users access data on a freemium basis with paid premium subscriptions for historical downloads and enterprise-grade API plans.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • 20 million economic indicators from 196 countries
+1 more record
Product overview1 text field

Trading Economics is a data intelligence platform offering access to 20 million economic indicators from 196 countries. The core product is the web-based platform at tradingeconomics.com, which users can access through browser-based Data Subscriptions or programmatic API Access. Supporting offerings include an Excel Add-In for spreadsheet integration, iOS and Android mobile apps, an Economic Calendar for tracking releases, Country Indicators pages for nation-specific data, and Forecasts for markets and indicators. The platform covers multiple asset classes including commodities, indexes, stocks, currencies, crypto, and bonds, positioning itself as a comprehensive source for macroeconomic data and market intelligence.

Product and service6 records
1Trading Economics Platform
CategoryCore data platform
Description

Web-based economic and financial data platform providing access to 20 million indicators across 196 countries, covering commodities, indexes, stocks, currencies, crypto, bonds, macroeconomic indicators, forecasts, and country-specific data. Targeted at traders, investors, analysts, and researchers worldwide.

2Data Subscriptions
CategorySubscription data service
Description

Premium subscription plans that unlock historical data downloads for 20 million indicators and advanced analytics features for professional and individual users on tradingeconomics.com.

3API Access
CategoryData API
Description

Direct REST API gateway providing programmatic access to Trading Economics data from applications in any programming language, with documentation at docs.tradingeconomics.com and a developer portal at developer.tradingeconomics.com. Targeted at developers, data scientists, and enterprises integrating economic data into proprietary systems.

4Excel Add-In
CategoryData integration add-in
Description

Microsoft Excel add-in allowing users to import Trading Economics data directly into spreadsheets for analysis, modeling, and reporting. Targeted at financial analysts and professionals who perform data work in Excel.

5Trading Economics iOS App
CategoryMobile application
Description

Native iOS mobile application providing access to economic data, economic calendars, and market information for traders and analysts on iPhone and iPad devices.

6Trading Economics Android App
CategoryMobile application
Description

Native Android mobile application providing access to economic data, economic calendars, and market information for traders and analysts on Android phones and tablets.

Scale indicator2 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeChannel Partner/ Reseller/ Distributor
Description

Trading Economics data is published and distributed via Statista platform, with the PPI index and other economic indicators available on the Statista portal. This partnership extends reach to Statista's user base and positions Trading Economics as a primary data source within the Statista ecosystem.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Bloomberg operates the dominant financial data terminal and a major consumer-facing financial news/data platform. It competes with Trading Economics on the same global economic and market data, but at a much larger scale with integrated analytics, news, and enterprise workflows.

TypeDirect peer
Description

TradingView is a charting and market data platform that, like Trading Economics, provides global market and economic data to traders and investors. Both serve the same audience of retail and professional traders with real-time and historical data on commodities, currencies, stocks, and macro indicators.

TypeBroad incumbent
Description

Refinitiv, now part of the London Stock Exchange Group, provides professional-grade financial data, economic indicators, and market infrastructure. It overlaps with Trading Economics in economic data and commodities coverage, but targets institutional clients with deep workflow integration.

TypeBroad incumbent
Description

FactSet is a major financial data and analytics platform serving investment professionals with economic indicators, market data, and portfolio analytics. It competes with Trading Economics primarily in the analyst and institutional segment with a much broader product portfolio.

TypeBroad incumbent
Description

Morningstar provides investment research, market data, and economic indicators with both consumer and professional offerings. It is comparable to Trading Economics in serving retail investors and financial professionals with economic and market data, though with a heavier emphasis on fund and equity research.

TypeDirect peer
Description

Yahoo Finance provides free market data, economic indicators, and financial news to a massive global consumer audience. It competes with Trading Economics for organic traffic on economic data queries and serves a similar retail-investor and researcher segment.

TypeDirect peer
Description

Quandl, now part of Nasdaq, provides an API-first platform for financial and economic datasets, directly comparable to Trading Economics' API Gateway offering. Both serve developers and quants needing programmatic access to economic and financial time series.

TypeDirect peer
Description

Investing.com is a global financial data platform offering real-time quotes, economic calendars, and analysis on commodities, currencies, stocks, and bonds. It directly overlaps with Trading Economics in product offering, target user (retail traders and analysts), and freemium data subscription model.

TypeDirect peer
Description

CEIC provides a global economic database with deep coverage of emerging markets and macroeconomic indicators, directly comparable to Trading Economics' country-level economic data offering. It targets similar financial professionals, researchers, and institutions requiring structured economic datasets.

TypeOthers
Description

Statista is a data aggregator and statistics portal that distributes Trading Economics data as a content partner. It is thematically adjacent as a data publisher and direct channel partner rather than a direct product competitor in real-time market data.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks7 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers5 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
Yes

Docs URL, Description

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Trading Economics

Financial and Economic Data Platformtradingeconomics.com

Trading Economics is a privately held financial data platform aggregating 20 million economic indicators across 196 countries, serving traders, analysts, developers, and media through web, API, and mobile subscription channels.

What Trading Economics does

Trading Economics is a privately held financial and economic data aggregation platform founded in 2008 and headquartered in the United States. The platform provides access to 20 million economic indicators across 196 countries, covering commodities, currencies, stock indexes, government bonds, cryptocurrencies, and macroeconomic metrics including GDP, inflation, unemployment, and interest rates. Core offerings include a free web platform with real-time market data, tiered Data Subscriptions for historical downloads, an API Gateway for programmatic access, an Excel Add-in, dedicated iOS and Android mobile applications, an Economic Calendar, country-level indicator pages, and forward-looking forecasts across asset classes and macro variables. The interface supports 17 languages, reflecting an international user base drawn primarily through organic search; the site reportedly receives approximately 1 billion page views annually.

The platform is built around a self-serve, product-led go-to-market model with a freemium entry point that converts individuals and SMBs into annual subscription plans, while enterprise and developer customers access data via API contracts and the Excel Add-in. Revenue streams consist of recurring Data Subscriptions, API Access, and Excel Add-in fees, supplemented by distribution partnerships such as the Statista data reseller agreement. Named customers span financial media, research desks, and data aggregators (Statista, TD Economics, Seeking Alpha, Supply Chain Dive, ANS), indicating a horizontally positioned customer base rather than a single vertical dependency. The company operates with 51-100 employees and is led by co-founder Antonio J Fernandes Sousa alongside managing directors Antonio Sousa and Anna Fedec. No venture or private equity funding, M&A activity, or revenue figures have been publicly disclosed.

Trading Economics firmographics

Firmographics
Name
Trading Economics
Legal name
Trading Economics
Website
https://tradingeconomics.com
Company type
Private
Founded year
2008
Operating status
Operating
Headcount range
51–100 employees
Short description
Trading Economics is a privately held financial data platform aggregating 20 million economic indicators across 196 countries, serving traders, analysts, developers, and media through web, API, and mobile subscription channels.
Ownership category
akta.pro rank

Where Trading Economics is headquartered

Location

Headquarters

HQ city
New City
HQ country
United States
HQ region
North America

Markets served

Trading Economics business model

Business model
GTM type
B2B
Offering type
Software
Cost components
Technology or R&D, Infrastructure, Personnel, Marketing or Sales, Operations

Revenue model

  1. Data Subscriptions: Subscription-based access to historical data downloads for 20 million indicators, with tiered plans for individual and enterprise users
  2. API Access: Programmatic data access through API gateway for developers and applications, enabling integration into third-party platforms and applications
  3. Excel Add-In: Excel plugin for direct data import into spreadsheets for analysis and reporting

Pricing tiers

ModelBillingPrice
FreemiumOthersFree access with basic data features
SubscriptionAnnualPremium subscription with full data access

Go-to-market motion3 records

Distribution channels5 records

Marketing channels4 records

Trading Economics product offering

Product offering

Core offering

Trading Economics is a financial and economic data intelligence platform that aggregates and distributes 20 million indicators from 196 countries, covering commodities, currencies, stocks, bonds, cryptocurrency, and macroeconomic metrics such as GDP, inflation, unemployment, and interest rates. The platform is delivered through a self-serve web portal, iOS and Android mobile applications, programmatic API access, and an Excel Add-In. Users access data on a freemium basis with paid premium subscriptions for historical downloads and enterprise-grade API plans.

Product overview

Trading Economics is a data intelligence platform offering access to 20 million economic indicators from 196 countries. The core product is the web-based platform at tradingeconomics.com, which users can access through browser-based Data Subscriptions or programmatic API Access. Supporting offerings include an Excel Add-In for spreadsheet integration, iOS and Android mobile apps, an Economic Calendar for tracking releases, Country Indicators pages for nation-specific data, and Forecasts for markets and indicators. The platform covers multiple asset classes including commodities, indexes, stocks, currencies, crypto, and bonds, positioning itself as a comprehensive source for macroeconomic data and market intelligence.

Differentiator

Problem solved

Functional benefit

Products and services

  • Trading Economics Platform Web-based economic and financial data platform providing access to 20 million indicators across 196 countries, covering commodities, indexes, stocks, currencies, crypto, bonds, macroeconomic indicators, forecasts, and country-specific data. Targeted at traders, investors, analysts, and researchers worldwide.
  • Data Subscriptions Premium subscription plans that unlock historical data downloads for 20 million indicators and advanced analytics features for professional and individual users on tradingeconomics.com.
  • API Access Direct REST API gateway providing programmatic access to Trading Economics data from applications in any programming language, with documentation at docs.tradingeconomics.com and a developer portal at developer.tradingeconomics.com. Targeted at developers, data scientists, and enterprises integrating economic data into proprietary systems.
  • Excel Add-In Microsoft Excel add-in allowing users to import Trading Economics data directly into spreadsheets for analysis, modeling, and reporting. Targeted at financial analysts and professionals who perform data work in Excel.
  • Trading Economics iOS App Native iOS mobile application providing access to economic data, economic calendars, and market information for traders and analysts on iPhone and iPad devices.
  • Trading Economics Android App Native Android mobile application providing access to economic data, economic calendars, and market information for traders and analysts on Android phones and tablets.

Quantifiable outcome

  • 20 million economic indicators from 196 countries
  • +1 more outcomes

Companies that use Trading Economics

Customer profile

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Trading Economics technology and API

Technology

Technology focussed Yes

API detail

Has API
Yes
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Trading Economics partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • StatistacoreChannel Partner/ Reseller/ DistributorTrading Economics data is published and distributed via Statista platform, with the PPI index and other economic indicators available on the Statista portal. This partnership extends reach to Statista's user base and positions Trading Economics as a primary data source within the Statista ecosystem.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Trading Economics competitors and assessment

Company assessment

Broad incumbents

  • Bloomberg: Bloomberg operates the dominant financial data terminal and a major consumer-facing financial news/data platform. It competes with Trading Economics on the same global economic and market data, but at a much larger scale with integrated analytics, news, and enterprise workflows.
  • Refinitiv (LSEG): Refinitiv, now part of the London Stock Exchange Group, provides professional-grade financial data, economic indicators, and market infrastructure. It overlaps with Trading Economics in economic data and commodities coverage, but targets institutional clients with deep workflow integration.
  • FactSet: FactSet is a major financial data and analytics platform serving investment professionals with economic indicators, market data, and portfolio analytics. It competes with Trading Economics primarily in the analyst and institutional segment with a much broader product portfolio.
  • Morningstar: Morningstar provides investment research, market data, and economic indicators with both consumer and professional offerings. It is comparable to Trading Economics in serving retail investors and financial professionals with economic and market data, though with a heavier emphasis on fund and equity research.

Direct peers

  • TradingView: TradingView is a charting and market data platform that, like Trading Economics, provides global market and economic data to traders and investors. Both serve the same audience of retail and professional traders with real-time and historical data on commodities, currencies, stocks, and macro indicators.
  • Yahoo Finance: Yahoo Finance provides free market data, economic indicators, and financial news to a massive global consumer audience. It competes with Trading Economics for organic traffic on economic data queries and serves a similar retail-investor and researcher segment.
  • Quandl (Nasdaq): Quandl, now part of Nasdaq, provides an API-first platform for financial and economic datasets, directly comparable to Trading Economics' API Gateway offering. Both serve developers and quants needing programmatic access to economic and financial time series.
  • Investing.com: Investing.com is a global financial data platform offering real-time quotes, economic calendars, and analysis on commodities, currencies, stocks, and bonds. It directly overlaps with Trading Economics in product offering, target user (retail traders and analysts), and freemium data subscription model.
  • CEIC (ISI Emerging Markets): CEIC provides a global economic database with deep coverage of emerging markets and macroeconomic indicators, directly comparable to Trading Economics' country-level economic data offering. It targets similar financial professionals, researchers, and institutions requiring structured economic datasets.

Others

  • Statista: Statista is a data aggregator and statistics portal that distributes Trading Economics data as a content partner. It is thematically adjacent as a data publisher and direct channel partner rather than a direct product competitor in real-time market data.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Trading Economics social profiles

Digital presence

Trading Economics financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Trading Economics leadership team

Management profile

Number of profiles

Profiles3 records

Trading Economics funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Trading Economics M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trading Economics

What does Trading Economics do?

Trading Economics is a financial and economic data intelligence platform that aggregates and distributes 20 million indicators from 196 countries, covering commodities, currencies, stocks, bonds, cryptocurrency, and macroeconomic metrics such as GDP, inflation, unemployment, and interest rates. The platform is delivered through a self-serve web portal, iOS and Android mobile applications, programmatic API access, and an Excel Add-In. Users access data on a freemium basis with paid premium subscriptions for historical downloads and enterprise-grade API plans.

Is Trading Economics a public or private company?

Trading Economics is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Trading Economics founded?

Trading Economics was founded in 2008. It employs 51 to 100 people.

Where is Trading Economics based?

Trading Economics is headquartered in New City, United States, in the North America region.

How does Trading Economics make money?

Three revenue lines are on record. Data Subscriptions are the primary driver. The others are API Access and excel Add-In.

Who are Trading Economics's main competitors?

Broad incumbents on record are Bloomberg, Refinitiv (LSEG), FactSet and Morningstar. Direct peers are TradingView, Yahoo Finance, Quandl (Nasdaq), Investing.com and CEIC (ISI Emerging Markets). Statista is listed as an others.

Does Trading Economics have an API?

Yes. Direct access to data from apps using any programming language. Provides access to 20 million indicators from 196 countries. Available via API Gateway with documentation at docs.tradingeconomics.com and developer portal at developer.tradingeconomics.com. Developer documentation is at docs.tradingeconomics.com.

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Live signals
Dagens industriJapans bytesbalans högt över förväntanJapan's trade surplus reached 4.062 trillion yen in August, up from 2.989 trillion yen in July, according to the finance ministry. Analysts had expected a surplus of 3.195 trillion yen, per Trading Economics consensus.TradingeconomicsMacau Inflation RateMacau's annual inflation rate decreased to 1.12% in July 2026, marking a second consecutive monthly slowdown from 1.24% in June. The decline was driven by softer price growth in food, transport, and housing categories, while prices for alcoholic beverages fell. Consumer prices remained largely unchanged on a monthly basis, edging down 0.01%. Trading Economics projects the rate to reach 1.50% by the end of the quarter.TradingeconomicsCyprus GDP Annual Growth RateCyprus's annual GDP growth rate rose to 3.3% in the second quarter of 2026, up from 3% in the previous period, driven by strong performance in wholesale trade, construction, and financial services. The Statistical Service of the Republic of Cyprus released these preliminary estimates, which also showed a 0.8% quarterly increase. Trading Economics provided long-term forecasts projecting growth around 3.00 percent in 2027.TradingeconomicsSouth Korea Export Prices YoYSouth Korea's export prices surged 49.1% year-on-year in July 2026, marking the largest increase since the 1998 Asian financial crisis, driven largely by a 122.3% jump in computer and electronic equipment prices. The Export Volume Index also rose 14.7%, contributing to a 25.8% increase in the total Export Value Index for the period. Trading Economics projects export price growth to moderate to 45.0% by the end of the quarter.StatistaIndia: monthly food inflation rate 2025The article reports on the monthly food inflation rate in India from April 2021 to July 2025, with data sourced from Trading Economics and Statista. It provides statistical data and references related to food price trends in India over this period.TradingeconomicsHistorical DataPolyethylene prices fell to 6,506 CNY/T on December 12, 2025, marking a 1.11% daily decline and a 25.24% drop compared to the same period last year. Trading Economics models forecast the commodity will trade at 6,491.69 CNY/T by the end of the quarter and 6,224.29 CNY/T in 12 months.RlilandNew Data and Market Analysis for Land Brokerage Site Selection and FeasibilityThe article outlines how rapid technological advancements and new data sources are transforming commercial real estate site selection, urging professionals to adopt modern metrics beyond traditional government statistics. It highlights specific resources such as ADP, LinkedIn, and Trading Economics for employment and economic data, while noting that e-commerce growth is driving demand for industrial infrastructure near intermodal hubs. The piece also discusses evolving physical requirements for logistics facilities, including tent warehouses and updated parking standards, emphasizing the need for industry adaptation to remain competitive.The future of tradingAustralian dollar forecast: Third-party price targetThis article is a round-up of third-party Australian dollar (AUD/USD) forecasts for August 2025, covering analyst predictions and algorithmic models from multiple financial sources. As of 6 August 2025, AUD/USD was trading between 0.6400-0.6500, with forecasts ranging from 0.7000 (National Australia Bank) to 0.6200 (Trading Economics) by end-2025. The article also summarizes key forex rate drivers including RBA monetary policy, commodity prices, China economic performance, and domestic Australian economic indicators.TradingeconomicsNeodymium Rare EarthNeodymium prices reached 705,000 CNY/T on November 28, 2025, reflecting a 4.44% monthly increase and a 36.63% year-over-year rise based on CFD trading data. Trading Economics forecasts the commodity to trade at approximately 708,885 CNY/T by the end of the quarter and around 749,767 CNY/T in 12 months.The future of tradingGold price predictions for the next five years: Third party data round upGold reached an all-time high of $2,685.49 per troy ounce in September 2024, surpassing many analyst predictions. Fitch expects gold to trade at $2,000 in 2025 and $1,800 in 2026, while ING and Trading Economics forecast higher 2025 prices. Analysts warn that past performance does not guarantee future results.