08.06.2025 10:50
American banking giants Goldman Sachs, JP Morgan, and Citi have updated their gold forecasts upward. Goldman Sachs predicts that the price of gold could reach $3,700 per ounce by the end of the year, and in a risky scenario, it could see $4,500. JP Morgan has set a target of $4,000 for 2026, while Citi has raised its three-month outlook from $3,200 to $3,500.
The gold prices, which started the year 2025 with a rapid rise, continue to hold their place in the focus of investors. On June 5, the gram gold reached a historical peak of 4,305 lira, while the ounce gold hit 3,500 dollars on April 22. Currently, gram gold is trading at 4,175 lira, and ounce gold is at 3,310 dollars.
EXPECTATIONS HAVE BEEN UPDATED
As curiosity grows about how gold will perform in the second half of the year, notable predictions have come from leading investment banks in the U.S. Goldman Sachs, JP Morgan, and Citi have updated their expectations regarding gold.
HERE ARE THEIR PREDICTIONS
- Goldman Sachs predicts that the ounce gold will be 3,700 dollars by the end of 2025. The bank noted that in a scenario of global economic recession, this figure could rise to 3,880 dollars, while in a high-risk environment, the ounce gold could reach 4,500 dollars.
- JP Morgan made a longer-term prediction, stating that the ounce gold could see the level of 4,000 dollars in 2026.
- Citi Bank also revised its predictions upwards. Due to the increasing demand from Chinese insurance companies and the impact of global geopolitical risks, the bank's three-month gold forecast was raised from 3,200 dollars to 3,500 dollars. This target has already been achieved, so a new revision from Citi is expected soon.