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Goldman Raises Gold Target to $3,100 as Central Banks Stack

Gold Outshines S&P 500
Gold Outshines S&P 500

Goldman Sachs has raised its gold price forecast to $3,100 per ounce by the end of 2025, up from its previous $2,890 target.

The revision is primarily driven by increased central bank demand, particularly from China, with monthly purchases expected to reach 50 tonnes.

Goldman strategists maintain their ‘Go for Gold’ stance, noting that prices could surge even higher to $3,300 if policy uncertainty continues, while increased central bank buying of 70 tonnes per month could push prices to $3,200.

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