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Banking giants are revising their gold price forecasts.
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Goldman Sachs has estimated that gold prices will reach 3,150 dollars per ounce by December 2025.
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Goldman's forecast implies an increase of approximately 19 percent from current levels.
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The price of an ounce of gold hit an all-time high of 2,790 dollars on October 31.
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According to Goldman Sachs, a large portion of this price increase will stem from high demand from global central banks, alongside concerns regarding U.S. fiscal sustainability and trade tensions/wars.
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"We are maintaining our 3,000 dollar forecast for December 2025," stated Goldman Sachs analysts, adding, "The structural driver of our rising gold forecast is higher demand from central banks."
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Investment bank JPMorgan had also previously revised its gold price forecast, predicting that the price of an ounce of gold would rise to 3,000 dollars in 2025.
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News Source : 12punto
