NewsGoldman Sachs has updated its price forecast for gold.

Goldman Sachs has updated its price forecast for gold.

Goldman Sachs has updated its price forecast for gold.

14.04.2025 11:32

The famous investment bank Goldman Sachs has updated its gold price forecast. The bank expects the price of gold to reach $3,700 per ounce by the end of 2025.

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While the uncertainty caused by global trade wars worries investors, expectations for safe-haven assets continue to rise. In this context, Goldman Sachs has joined the major institutions that have upwardly revised their gold forecast for 2025.



Goldman Sachs revised its previous forecast of $3,300 upward due to stronger-than-expected central bank purchases and recession risks in the global economy. Accordingly, the bank has raised its year-end gold price expectation to $3,700 per ounce. The bank predicts that prices will reach $4,000 per ounce by mid-2026.



GOLD STARTS THE WEEK WITH RECORDS



The new targets came after gold rose by 6.6% last week and prices broke a new record by exceeding $3,245 per ounce on Monday. Goldman Sachs' new gold price forecast was met with great surprise among investors.



NOTE: THIS NEWS CONTENT IS NOT INVESTMENT ADVICE



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