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.
Original Source: Reuters
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