Goldman Sachs Group Inc. has made a positive prediction for the future of gold, stating that prices could reach $3,000 per ounce by December 2025.
Analysts, including Daan Struyven, believe that this increase in price will be driven by higher demand from central banks and anticipated interest rate cuts by the Federal Reserve.
The firm emphasizes that central bank purchases will be a long-term driver for gold prices, while a short-term boost is expected from inflows into exchange-traded funds as the Fed adjusts its monetary policy.
This forecast indicates a significant change in the gold market, particularly if Donald Trump returns to the presidency.