Goldman Sachs and UPS group launched a new round of gold expectations on gold, supported by a stronger demand than the central banks, as a way to hedge against stagnation and geopolitical risks, which enhances expectations with more precious metal prices during 2025.
Goldman analysts – including Lina Thomas – expects that the price of gold will reach $ 3,700 an ounce by the end of this year, with the possibility of $ 4000 an ounce by mid 2026, while the strategy at UPS Johnny Tefis indicated expectations of $ 3500 an ounce in December 2025, according to two separate memoirs issued on Friday.
These new expectations come after gold jumped by 6.6% last week, recording a new record above $ 3245 an ounce on Monday.
The banks had raised their previous expectations in March, indicating a strong consensus on optimism about the rise of gold in an uncertain environment as a result of the commercial policies of US President Donald Trump, which raises disturbances in global markets.
Goldman analysts said that the purchases of central banks of gold are a candidate for a monthly average registration of about 80 tons this year – a height of their previous estimate of 70 tons – and renewed their recommendation to buy gold in the long run.
They also pointed out that the high risk of stagnation may push more flows to gold -backed indirect boxes.
Analysts said: “We have seen sudden flows up to the top recently, and it is likely that this reflects the renewal of investors to hedge from the risks of stagnation and the decline in dangerous asset prices,” adding that the bank's economists see the possibility of a recession by 45%. And if this scenario is achieved, “The flow of the indicators can accelerate, which causes the price of gold to $ 3880 an ounce by the end of the year.”
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