ICYMI: Goldman Sachs reiterated its structural bullish gold view, sees as high as $4,000
Goldman Sachs on gold:
- reiterated its structural bullish gold view
- base case price of $3,700 an ounce by year-end 2025
- but in
the event of a recession, the acceleration in ETF inflows could drive
the gold price to $3,880
GS say in the case of extreme risk scenarios - such as heightened concerns over Federal Reserve independence or shifts in U.S. reserve policy - gold could plausibly reach $4,500 by the end of 2025
- $4,000 by mid-2026.
