{
Bob Haberkorn

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}
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Goldman Sachs Raises Gold Price Target Amid Geopolitical Tensions and Fed Expectations

Goldman Sachs has raised its year-end gold price target from $3,100 to $3,300 per ounce, driven by geopolitical risks and expectations of Federal Reserve rate cuts. Spot gold prices recently hit a record high of $3,059.48 per ounce, with strong demand for gold-backed ETFs indicating potential for further increases. Central bank purchases have surged, marking a significant shift in the global reserve system and positioning gold as a strategic asset in the evolving economic landscape.
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01:56 28.03.2025
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