30.08.2025 17:45
The Fed's signals for interest rate cuts, along with Washington's trade decisions and geopolitical risks, have pushed gold to the level of $3,430. Major banks such as Morgan Stanley, Goldman Sachs, and Bank of America have revised their gold price forecasts upward for the upcoming period.
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The global markets have seen gold rise again. The messages from Fed Chairman Jerome Powell regarding interest rate cuts, the high tariffs imposed by Washington on India, and geopolitical risks have increased investors' search for safe havens.
GOLD TESTED 3,430 DOLLARS
Gold, which has approached the upper limit of the band it has fluctuated in since April, reached the level of 3,430 dollars. In addition to the pressures from the White House on the central bank, global trade tensions have also played a role in the upward movement of prices.
A FIRST IN 29 YEARS IN RESERVES
For the first time since 1996, the share of gold in central bank reserves (25%) has surpassed that of U.S. bonds (20%). This development has reinforced gold's position as a "safe haven" in the global financial system.
CAUTIOUS WARNING FROM ANALYSTS
While the decline in bond yields and expectations of stagflation support gold, analysts indicate that hasty purchases should be avoided until a strong breakout occurs above 3,430 dollars.
NEW FORECASTS FROM MAJOR BANKS
- Morgan Stanley raised its gold forecast to 3,800 dollars for the fourth quarter of 2025, citing a weakening dollar and inflation risks.
- Goldman Sachs predicts 3,700 dollars by the end of 2025 and 4,000 dollars by mid-2026 in its base scenario. It is noted that in the event of a recession, prices could reach 3,880 dollars, and in more extreme scenarios, they could reach 4,500 dollars.
- Bank of America forecasts that gold will reach 4,000 dollars in the first half of 2026. The bank emphasized that political pressures and uncertainties on the Fed will support prices.
Experts indicate that if central bank purchases and geopolitical risks continue, gold may move towards new record levels in the upcoming period.
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