Gold Weekly Forecast: Geopolitics Could Push to New ATH  Forex Crunch http://dlvr.it/TLMLjf

Goldman Sachs has raised its year-end 2025 gold price forecast to USD 3,300 per ounce, up from a previous estimate of USD 3,100. The investment bank also widened its projected trading range to USD 3,250–3,520, citing continued strong demand from Asian central banks. According to Goldman, large-scale gold purchases by these central banks are likely to persist for another three to six years as they work toward reaching their long-term reserve targets. This sustained buying is expected to be a key driver of upward pressure on prices. The bank also noted that medium-term risks remain tilted to the upside. In more extreme, tail-risk scenarios, gold could even climb beyond USD 4,200 per ounce by the end of 2025. This article was written by Eamonn Sheridan at www.forexlive.com.

(Reuters) -Goldman Sachs has increased its year-end gold forecast to $3,700 per troy ounce (toz), citing stronger-than-expected central bank demand and heightened recession risks impacting ETF inflows. The investment bank, whose previous year-end forecast was $3,300, said it expected central bank demand to average 80 tonnes per month, up from its previous assumption of 70 tonnes and well above the pre-2022 baseline of 17 tonnes per month. The bank also noted a surge in gold ETF inflows, driven by fears of a recession, with its economists assigning a 45% probability to a U.S. recession in the next 12 months. Spot gold has continued its rally from the last year, hitting multiple record highs and gaining more than 23% so far this year. Bullion breached $3,200 an ounce for the first time on Friday. [GOL/] The bank’s analysis also said that in the medium-term, the risks to their upgraded forecast remain skewed to the upside. If central bank buying averages 100 tonnes/month, Goldman estimates that gold could reach $3,810/toz by end-2025. On the ETF side, if a recession occurs, ETF inflows could revert back to pandemic levels, supporting prices towards $3,880/toz by year-end. However, if economic growth outperforms expectations due to reduced policy uncertainty, ETF flows would likely revert back to their rates-based prediction, with year-end prices closer to $3,550/toz, Goldman said. The following is a list of the latest forecasts for 2025 and 2026 gold prices (in $ per ounce): Brokerage/Agen Annual Price Price Targets cy Forecasts 2025 2026 Goldman Sachs $3,295 $3,700 by 2025 year-end Commerzbank (ETR:CBKG) $3,000 HSBC $3,015 $2,915 $2,750 by 2027 and $2,350 long-term Deutsche Bank $3,139 $3,700 $3,350 by year-end ANZ * $2,763 $2,795 $2,900 by end-2025 Macquarie $2,951 $2,675 - UBS $3,500 - $3,000 by end-2025 BofA $3,063 $3,350 - JP Morgan $2,863 $3,019 $3,000 by Q4 2025 Morgan Stanley $2,763 $2,450 - Citi Research $2,900 $2,800 0-3 month forecast at $3,200 and 6-12 month forecast at $3,000; $3,500 by end-2025 *end-of-period forecasts CBKG: is this perennial leader facing new challenges? With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is CBKG one of them?