Goldman Sachs Forecasts $3,000 Gold by 2025

Goldman Sachs is forecasting a significant increase in gold prices, projecting the metal to reach $3,000 per ounce by December 2025. The bank cites increased demand from central banks and anticipated reductions in U.S. interest rates as key factors driving this bullish outlook. The potential for economic uncertainties under President-elect Donald Trump’s administration, such as tariff escalations and inflation risks, further strengthens gold's role as a portfolio hedge. In contrast, JPMorgan's Karen Ward remains skeptical, suggesting that gold may not be the most effective store of value amidst concerns over fiat currencies. The fluctuating gold prices have seen a decline since Trump's election victory, influenced by market adjustments to potential policy changes and interest rate expectations. Despite this, Goldman Sachs maintains that current price levels present an attractive entry point for investors seeking to hedge against geopolitical and economic uncertainties.