Goldman Sachs Eyes $3,300 Gold as Record Rally Shows No Signs of Slowing

Gold continues its record-breaking rally, surpassing $2,950 per ounce and approaching the $3,000 milestone.

The surge, fueled by Fed rate cuts in late 2024 and increased safe-haven demand, has prompted Goldman Sachs to raise its 2025 year-end forecast to $3,100.

The bank cites strong central bank buying and ETF demand as key drivers, while suggesting prices could reach $3,300 if global uncertainty persists. UBS takes a more measured approach with a $2,900 target, both banks agree the bull run shows no immediate signs of stopping amid the current geopolitical and macroeconomic climate.