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  HOME PAGE 22/01/2025 03:43 
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"Gold forecast from American banks"

21.01.2025 15:10

Leading banks in the United States have consecutively announced their expectations regarding gold prices. Accordingly, Citi Bank 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. Goldman Sachs has shifted its prediction to 2026.

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The largest banks in the USA have consecutively shared their expectations regarding gold prices with the public. Citi, Bank of America, and Goldman Sachs announced different figures in their forecasts, taking into account the expectations and risks in global markets.

THE HIGHEST FORECAST COMES FROM BANK OF AMERICA

Bank of America predicts that the price of gold per ounce could exceed $3,000 within the next 12 months. Although not as high as Bank of America, another high forecast for gold came from Citi Bank. The bank's statement included the prediction that the price of gold per ounce would reach the level of $2,800-$3,000 by mid-2025.

GOLDMAN SACHS POINTS TO 2026 FOR THE PEAK

Goldman Sachs also announced its new forecasts for gold prices. According to this, the bank continues to expect that the price of gold per ounce could reach $3,000, depending on the expectation of fewer interest rate cuts from the Federal Reserve (Fed), but this is likely to occur in the second quarter of 2026. Goldman Sachs raised its monthly gold demand forecast from central banks from 38 tons to 41 tons.

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.



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