Goldman Sachs predicts a significant increase in gold prices.
Gold prices are expected to surge above $3,000 per ounce in 2025, according to a broad consensus among major analysts. This bullish outlook is driven by macroeconomic uncertainty and inflation pressures, with potential upside beyond $3,600 if tensions worsen or inflation remains high.
Goldman Sachs is not alone in this bullish sentiment. Other analysts share similar views, predicting new all-time highs ranging from $3,000 to above $3,600 per ounce. The investment bank's current forecast indicates that buying gold could still be a good investment for investors, provided the forecast proves accurate.
The average analyst forecasts for 2025 cluster around $3,100 to $3,600. Some more bullish views suggest the price could reach as high as $3,634 by year-end and even $3,816 in the second half of 2025.
The World Gold Council anticipates a 26% gold price increase in the first half of 2025, attributing gains to a weak US dollar, stable interest rates, and geopolitical tensions. They forecast a continued possibility of 0%-5% gains in the second half of 2025 in a baseline scenario, but a worsening economic or geopolitical environment might push gold 10%-15% higher.
From a technical analysis perspective, gold may face a short-term consolidation or mild correction around $2,925–$3,000, but the longer-term trend remains bullish. There are scenarios where gold continues grinding higher despite overextensions and historical precedents for extended bull runs.
Market analysts from Sprott highlight that Wall Street analysts may be underestimating future earnings for miners amid the rising gold price regime. This suggests an additional upside surprise in equity markets linked to precious metals.
The increased demand for gold by central banks is another factor contributing to the price rise. The freezing of Russian assets at the start of the war in Ukraine triggered this demand. Central banks have driven demand for gold in the past two years, especially since the freezing of Russian assets.
The current price of gold, at a level that makes it an attractive investment opportunity for investors, is already at new record levels. The price of gold (ISIN: XC0009655157) is relevant in this context. Goldman Sachs predicts that the price of gold will rise to $3,000 per ounce by the end of 2025.
Investors in Germany may find an advantage in the country's tax system, as investments in physical assets are tax-free after 12 months.
For more information on this topic, please see the article: "Is Gold Set for Another Mega Rally? Analysts Make New Mega Prediction." For those interested in high dividend-yielding stocks, additional reading can be found in the article: "Just Before the Ex-Dividend Date: Get High Dividends from These Stocks This Week."
The Goldman Sachs prediction aligns with the average analyst forecast for 2025, suggesting a price range of $3,100 to $3,600 per ounce. Additionally, finance experts from Sprott anticipate an additional upside surprise in equity markets linked to precious metals, hinting at potential new highs in gold pricing.
