Goldman Sachs ‘Go For Gold’ — Raise Gold Forecast To $3,100

Commodities

Goldman Sachs ‘Go For Gold’ — Raise Gold Forecast To $3,100  

Goldman Sachs ‘Go For Gold’ — Raise Gold Forecast To $3,100 🏆

The investment bank has raised their 2025 year-end Gold price target to $3,100 from $2,890 per ounce.

The upgrade is being driven by:

• Structurally higher central bank demand especially those with high U.S. treasury reserves (50 tonnes a month, up from 41 tonnes)

• Potential concerns about inflation, U.S. fiscal sustainability.

• Inflows into Gold-backed ETFs (prospect of rate cuts).

• Ongoing policy uncertainty (trade tensions, tariffs).

GS also sees the potential of $3,300 by year-end if policy uncertainty and tariff fears stay high.

And they’re not alone…

UBS & Citi have also raised their gold forecast to $3,000.

Spot gold prices are currently trading at $2,919 and are up a remarkable +44% over the past year.