Goldman Sachs has revised its forecast for gold prices by the end of 2025, raising it from $2,890 to $3,100 per ounce. The investment bank attributes this adjustment to a structural increase in demand from central banks.
According to Goldman Sachs, the heightened demand from central banks is expected to boost gold prices by 9%. Additionally, as interest rates decline, there will likely be a gradual increase in ETF holdings, further supporting the gold market.
