Market Watch: Gold Prices Could Hit $3,000 Per Ounce in 2025, Goldman Sachs Says
Article by Louis Goss in Market Watch
Gold prices could hit $3,000 an ounce by the end of 2025, even if the value of the U.S. dollar continues to rise, Goldman Sachs has said.
Increases in the value of America’s currency have typically driven down gold prices in reducing demand for the metal as a safe haven asset.
But Goldman Sachs’ analysts say investors could now see increases in both gold prices and the value of the U.S. dollar in 2025, due to interest rate cuts and heightened uncertainty.
Gold prices have increased sharply over the previous 12 months to record highs of more than $2,700 per ounce as investors have piled into gold in seeking to protect their portfolios.
In the view of Goldman Sachs’ analysts, led by Lina Thomas, this rally could now be set to continue, despite .....