Goldman Sachs Lifts Gold Forecast Amid Record Highs for Precious Metal (GLD)

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Mar 27, 2025

Goldman Sachs has revised its year-end predictions for gold prices upwards, following the metal's ascent past $3,000 per ounce, driven by uncertainty linked to global trade tensions. Gold has surged 15.6% year-to-date, contrasting sharply with the S&P 500 index's 2.9% decline. For 2025, Goldman expects prices to hit $3,300 per ounce, bolstered by strong ETF inflows and central bank demand. Meanwhile, SPDR Gold Shares ETF (GLD, Financial) has seen $3 billion in new investments since this milestone was reached, increasing its appeal as a safe haven.

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