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Goldman Sachs predicts Gold price hitting $3,000 in 2025
The post Goldman Sachs predicts Gold price hitting $3,000 in 2025 appeared on BitcoinEthereumNews.com. After what amounts to a persistent year-long rally that saw multiple new all-time highs (ATH) prices set, gold has hit a rough patch in the wake of the 2024 U.S. presidential elections. Donald Trump’s victory proved a market catalyst, sending many stocks and cryptocurrencies higher but also triggering a 9% plunge for the precious metal from the $2,789 highs to the recent lows near $2,540. Though there were some fears the commodity would fall below $2,400 and retest the major support near $2,000, gold has again proven its resilience, managing a 1.28% recovery in the last week and a 0.74% surge to $2,631 in the last 24 hours. Gold 1-month price chart. Source: TradingView The most recent shift in the precious metal’s price direction reignited the bullish forecast, with banking giant Goldman Sachs (NYSE: GS) being the latest to offer an optimistic prediction. Specifically, Goldman analyst Daan Sturyuven estimated gold would hit $3,000 per ounce by December 2025, specifically stating investors should ‘go for gold.’ Goldman Sachs reveals why Gold will hit $3,000 by December 2025 The experts identified short and long-term systemic risks as drivers of the resurgent rally. Chief among these are fears about U.S. fiscal stability – exemplified by the worse-than-expected CPI report and extraordinarily high levels of national debt – and rising geopolitical tensions – both in the form of hot conflicts such as the ones in Palestine and Ukraine and the trade war in China expected to emerge from Trump’s promised tariff hikes. Additionally, though the ‘unprecedented escalation of trade tensions’ was cited as a big driver for the likely speculative positioning pertaining to the precious metal, Goldman Sachs also reflected on the global Central Bank buying spree that has been ongoing for some time as well as on the likely flows to exchange-traded funds…
The post Goldman Sachs predicts Gold price hitting $3,000 in 2025 appeared on BitcoinEthereumNews.com.
After what amounts to a persistent year-long rally that saw multiple new all-time highs (ATH) prices set, gold has hit a rough patch in the wake of the 2024 U.S. presidential elections. Donald Trump’s victory proved a market catalyst, sending many stocks and cryptocurrencies higher but also triggering a 9% plunge for the precious metal from the $2,789 highs to the recent lows near $2,540. Though there were some fears the commodity would fall below $2,400 and retest the major support near $2,000, gold has again proven its resilience, managing a 1.28% recovery in the last week and a 0.74% surge to $2,631 in the last 24 hours. Gold 1-month price chart. Source: TradingView The most recent shift in the precious metal’s price direction reignited the bullish forecast, with banking giant Goldman Sachs (NYSE: GS) being the latest to offer an optimistic prediction. Specifically, Goldman analyst Daan Sturyuven estimated gold would hit $3,000 per ounce by December 2025, specifically stating investors should ‘go for gold.’ Goldman Sachs reveals why Gold will hit $3,000 by December 2025 The experts identified short and long-term systemic risks as drivers of the resurgent rally. Chief among these are fears about U.S. fiscal stability – exemplified by the worse-than-expected CPI report and extraordinarily high levels of national debt – and rising geopolitical tensions – both in the form of hot conflicts such as the ones in Palestine and Ukraine and the trade war in China expected to emerge from Trump’s promised tariff hikes. Additionally, though the ‘unprecedented escalation of trade tensions’ was cited as a big driver for the likely speculative positioning pertaining to the precious metal, Goldman Sachs also reflected on the global Central Bank buying spree that has been ongoing for some time as well as on the likely flows to exchange-traded funds…
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