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GS-GOLDMAN SACHS GROUP INC

Goldman Sachs Raises Year-End Gold Price Target to $3,100 Amid Central Bank Demand and Economic Uncertainty

Tuesday

25 February, 2025

Goldman Sachs has elevated its gold price target to $3,100 per ounce, fueled by strong central bank demand and ongoing economic uncertainties. With potential peaks of $3,300 on the horizon, can gold truly serve as the ultimate safe haven in these turbulent times?

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Key Takeaways
  • Goldman Sachs anticipates gold prices could reach $3,100 per ounce due to strong central bank demand and economic instability.
  • The bank's forecast includes potential peaks of $3,300, influenced by geopolitical issues and inflation concerns.
  • Increased investments in gold ETFs and stable interest rates enhance gold's position as a protective asset.
  • Current U.S. fiscal strategies may negatively impact stocks, making gold a more attractive option.
  • The firm’s "Go for Gold" advice reflects its belief in gold's value during uncertain times.
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