Gold price update: The bullish wave continues to dominate!
Today, the world gold price continued to increase sharply, reaching a new record of 2,955 USD/ounce, approaching the 3,000 USD/ounce mark.
This increase was driven by investors' demand for safe haven amid concerns about the global trade war, after US President Donald Trump threatened to impose new tariffs. In addition, central banks continued to buy gold, which also contributed to pushing prices higher.
Forecast:
Goldman Sachs has raised its forecast for gold prices by the end of 2025 to 3,100 USD/ounce.
If concerns about US public debt increase, gold prices could reach 3,250 USD/ounce by December 2025.
This increase was driven by investors' demand for safe haven amid concerns about the global trade war, after US President Donald Trump threatened to impose new tariffs. In addition, central banks continued to buy gold, which also contributed to pushing prices higher.
Forecast:
Goldman Sachs has raised its forecast for gold prices by the end of 2025 to 3,100 USD/ounce.
If concerns about US public debt increase, gold prices could reach 3,250 USD/ounce by December 2025.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.