Goldman Sachs raises its average gold price forecast for 2025 to $2,973
Goldman Sachs has raised its average gold price forecast for 2025 to $2,973. This is because current market trends, inflationary pressures, and global economic unrest are expected to continue to exert strong upward pressure on the gold market.
Gold is traditionally seen as a refuge for assets when inflation and economic uncertainty increase, but Goldman Sachs' prediction is likely to anticipate that demand will increase over the next few years. In particular, while U.S. interest rate policies and dollar trends have a strong impact on gold prices, inflation continues to progress and geopolitical risks are thought to support the strength of the gold market.
Of course, the rise in gold prices will not continue smoothly. A decline due to temporary adjustment will also be inevitable. This may be due to overheating of the market and short-term profit-taking sales. However, as Goldman Sachs predicts, there is a strong view that the overall upward trend will continue.
Given the pace of the rise and the current economic environment, Goldman Sachs' forecast of $2,973 gold price can be said to be at a level that can be achieved within a few months to six months.