Goldman puts $4 000 gold on the agenda as hunt for havens grows
Goldman Sachs Group and UBS Group issued another round of bullish calls for gold, with stronger-than-expected central bank demand and the metal’s role as a hedge against recession and geopolitical risks underpinning expectations for even higher prices in 2025. Goldman analysts including Lina Thomas now see gold rallying to $3 700 an ounce by the end of this year — with prices set to hit $4 000 an ounce by mid-2026 — while UBS strategist Joni Teves pointed to $3 500 an ounce by December 2025, according to two separate notes on Friday.
Goldman Sachs Group and UBS Group issued another round of bullish calls for gold, with stronger-than-expected central bank demand and the metal’s role as a hedge against recession and geopolitical risks underpinning expectations for even higher prices in 2025.
Goldman analysts including Lina Thomas now see gold rallying to $3 700 an ounce by the end of this year — with prices set to hit $4 000 an ounce by mid-2026 — while UBS strategist Joni Teves pointed to $3 500 an ounce by December 2025, according to two separate notes on Friday.
