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Goldman Sachs has raised its year-end gold price target to $3,300, citing that "demand from central banks and ETFs has exceeded expectations."
Goldman Sachs stated that recent ETF inflows have been unexpectedly strong, reflecting an increase in investors' demand for safe-haven assets. In addition, Goldman Sachs expects that major central banks in Asia may continue to rapidly purchase Gold over the next 3-6 years, with countries like China potentially raising their target Gold reserve ratio from the current 8% to 20-30%.
Is the sky the limit? Bank of America has raised its gold price forecasts for this year and next, aiming for 3,500 dollars!
In a recent report, Bank of America stated that Gold Futures prices are expected to rise to $3,500 per ounce over the next two years. The bank emphasized that the uncertainty caused by U.S. trade policies will continue to support gold prices in the short term.
Goldman Sachs has raised its gold price forecast for the end of 2025, potentially exceeding $4,200 in extreme scenarios.
Goldman Sachs' latest report: By the end of 2025, the expected gold price has been raised to $3,300, with extreme scenarios possibly breaking the $4,200 barrier! Will a ceasefire in Ukraine and Russia or a stock market crash not impede this?
Express News | Goldman Sachs has raised its gold price forecast for the end of 2025 to $3,300, expecting continued strong demand from central banks.
Bank of America Hikes Gold Price Forecast
GLD ETF Declines 0.1%