14.04.2025 21:12
The American banking giant Goldman Sachs and the Switzerland-based UBS stated last week that gold, which reached a record price, is showing a strong upward signal. It was emphasized that the price of gold per ounce could rise to $4,000 by 2026.
Gold prices reached record levels last week. This week, striking statements came from American banking giant Goldman Sachs and UBS Group AG, which indicated a limited pullback for gold.
GOLDMAN SACHS: GOLD MAY REACH 4,000 DOLLARS PER OUNCE
Both banks provided forecasts for gold, noting that they signaled an upward trend. Highlighting stronger-than-expected central bank purchases and geopolitical risks, Goldman Sachs analysts stated that gold's role as a "safe haven" would drive prices higher. Goldman Sachs predicted that gold could reach 3,700 dollars per ounce by the end of 2025 and 4,000 dollars by mid-2026.
SIMILAR FORECAST FROM UBS GROUP
UBS strategist Joni Teves noted that the price of gold could reach 3,500 dollars per ounce by December 2025. Teves emphasized that demand for gold is being increased by global trade dynamics and geopolitical uncertainties, as well as central banks and large investors.
CURRENT STATUS OF GOLD PRICES
Gold started the week with a slight decline. Gold traded between 3,193 and 3,245 dollars per ounce during the day. Gram gold started the day at 3,959 lira. During the day, it saw a low of 3,907 and a high of 3,968 lira.