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Goldman increases 2025 gold forecast
Goldman Sachs Group ramped up its gold price forecast to $3 300 an ounce by year-end, citing stronger-than-expected central bank demand and solid inflows into bullion-backed exchange traded funds. The bank’s increasingly bullish view on the precious metal was shown by the new forecast from analysts Lina Thomas and Daan Struyven, who just last month upgraded their end-2025 price target to $3 100 an ounce. Official sector appetite could average about 70 tons a month this year — up from their previous estimate of 50 tons, they said in a note on Thursday.
Goldman Sachs Group ramped up its gold price forecast to $3 300 an ounce by year-end, citing stronger-than-expected central bank demand and solid inflows into bullion-backed exchange traded funds.
The bank’s increasingly bullish view on the precious metal was shown by the new forecast from analysts Lina Thomas and Daan Struyven, who just last month upgraded their end-2025 price target to $3 100 an ounce. Official sector appetite could average about 70 tons a month this year — up from their previous estimate of 50 tons, they said in a note on Thursday.
