Goldman Sachs Raises 2025 Gold Price Forecast to $3,300 per Ounce

According to Odaily, Goldman Sachs has increased its forecast for the price of gold by the end of 2025 from $3,100 per ounce to $3,300 per ounce. The predicted price range has been adjusted to between $3,250 and $3,520 per ounce. The medium-term risk for gold prices remains skewed to the upside, with the potential for prices to exceed $4,200 per ounce by the end of 2025 in a tail-risk scenario. Large Asian central banks are expected to continue rapidly purchasing gold over the next three to six years to reach their estimated potential gold reserve targets.