💦Goldman Sachs raises year-end gold price forecast to $3,100
Goldman Sachs on Monday raised its gold price forecast to $3,100 per ounce from $2,890 per ounce for end-2025 on structurally higher central bank demand.
"We estimate that structurally higher central bank demand will add 9% to the gold price by year-end, which combined with a gradual boost to ETF holdings as the funds rate declines," the bank said.
💦Goldman Sachs raises year-end gold price forecast to $3,100
Goldman Sachs on Monday raised its gold price forecast to $3,100 per ounce from $2,890 per ounce for end-2025 on structurally higher central bank demand.
"We estimate that structurally higher central bank demand will add 9% to the gold price by year-end, which combined with a gradual boost to ETF holdings as the funds rate declines," the bank said.
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