Goldman Sachs: Gold to Hit $3,700 by End-2025 as Safe Haven Demand Grows

Goldman Sachs has increased its gold price forecast for the end of 2025 to $3,700 per ounce, up from its previous prediction of $3,300.

The bank cites higher-than-expected demand from central banks and increased ETF inflows driven by recession concerns.

Goldman notes that if a recession occurs, gold prices could reach as high as $3,880 per ounce by year-end due to accelerated ETF investments.