20.01.2025 14:21
The American investment bank Goldman Sachs announced that it expects the price of gold to reach $3,000 per ounce in the second quarter of 2026.
Goldman Sachs, one of the major banks in the United States, has announced its new forecasts for gold prices. Accordingly, the bank continues to expect that the price of gold per ounce could reach $3,000, but only in the second quarter of 2026, due to lower expectations for interest rate cuts from the Federal Reserve (Fed). Goldman Sachs has raised its monthly gold demand forecast from central banks from 38 tons to 41 tons.
OTHER BANKS CLAIM THAT $3,000 CAN BE REACHED THIS YEAR
Citi predicts that the price of gold per ounce will reach between $2,800 and $3,000 by mid-2025. Bank of America, on the other hand, forecasts that the price of gold per ounce could exceed $3,000 within the next 12 months.
These expectations for rising gold prices are based on factors such as increasing gold purchases by central banks and global economic uncertainties. Investors continue to turn to gold to diversify their portfolios and protect against inflation.