According to a study paper by two members of Goldman Sachs Commodities study, gold is projected to gain even more this year than was previously anticipated due to positive surprises in ETF inflows and ongoing strong central bank demand.”Our base case forecast assumes speculative positioning normalises from current elevated levels (85th percentile), while the top end of our price range reflects persistently stretched positioning amid heightened uncertainty,” said Goldman Sachs, which raises its end-2025 forecast for gold to $3,300/oz from $3,100/oz, with the precious metal projected to trade within $3,250/oz-$3,520/oz. Spot gold is 0.4% higher at $3,031.08/oz. Asian central bank buyers are likely to continue buying gold for another three to six years to reach GS’s estimated range of potential gold reserve targets.
According to Goldman Sachs, gold is likely to increase more this year than was previously anticipated. — Market Talk
- Date: March 27, 2025
- Time: 9:10 AM
