Goldman Sachs has raised its gold price forecast for the end of 2025 to $3,700 per ounce, up from a previous estimate of $3,300. The investment bank now anticipates gold prices will range between $3,650 and $3,950, driven by stronger-than-expected demand from central banks and increased inflows into gold-backed exchange-traded funds (ETFs), amid growing concerns of a potential recession.
In a report issued on Friday, Goldman Sachs highlighted that if a recession materializes, ETF inflows could accelerate further, potentially pushing gold prices to $3,880 per ounce by the end of 2025. However, the bank also noted that if economic growth exceeds expectations and policy uncertainty diminishes, ETF inflows might slow, resulting in a more moderate price forecast of $3,550 per ounce by year-end.
Spot gold prices recently reached a new record high of $3,245.42 per ounce on Monday, though the market remains uncertain as it absorbs the ongoing developments surrounding U.S. tariffs. The White House has exempted smartphones and computers from “reciprocal” tariffs, but President Donald Trump has signaled that additional levies may still be imposed in the future.
Related topics:
- India Surpasses China in Gold Purchases, Buying 51% More in Three Months
- Qilu Bank Enhances Support for Small Businesses with Innovative Financial Tools
- Bitcoin Poised for a Surge Amid Gold’s Delivery Delays, Expert Claims
