Currency strategists at Goldman Sachs are bullish on gold. They believe that the precious metal could rise to $3,100 per ounce by the end of 2025.
The investment bank predicts further explosive growth for gold. The metal is expected to soar to $3,100 per ounce by the end of the year. Experts attribute such an optimistic forecast to increased interest in gold from central banks, fueled by geopolitical tensions and trade wars boosting demand for safe-haven assets.
Moreover, if the economic landscape remains uncertain, experts acknowledge the possibility that gold prices could even reach $3,300 per ounce.
Earlier, Freedom Finance Global speculated that gold could surpass $3,000 per ounce in the first half of 2025, driven by global uncertainty as investors opt for gold over riskier assets.
In 2024, a surge in global gold prices resulted from central banks in emerging markets ramping up their purchases. This was as regulators sought to reduce their exposure to the US dollar amid rising trade tensions.
