Gold price predicted to surge significantly by Goldman Sachs, prompting questions about potential gold investments.
Gold prices have been on an impressive rally so far in 2024, and analysts predict that this trend is set to continue, with prices potentially reaching new record highs by the end of 2025.
The rising gold price is partly due to the freezing of Russian assets at the start of the war in Ukraine, which has driven demand for gold as a safe-haven asset. This demand is expected to continue as geopolitical risks persist.
Analysts at HSBC, Goldman Sachs, LongForecast, and J.P. Morgan Research have all made bullish predictions for the gold price. HSBC raised its 2025 average gold price forecast to about $3,215 per ounce, projecting a year-end price near $3,175 per ounce. Goldman Sachs, on the other hand, projects gold may reach $3,700 by the end of 2025 and climb to $4,000 by mid-2026. LongForecast predicts gold could peak at around $3,816 per ounce in the second half of 2025, settling near $3,634 per ounce by December. J.P. Morgan Research expects gold prices to average about $3,675 per ounce by the fourth quarter of 2025, moving toward $4,000 per ounce by mid-2026.
The optimism among analysts is grounded in several factors. Geopolitical uncertainty, inflation and monetary policy concerns, central bank purchases, and market volatility and trade risks are all driving demand for gold. Central banks, particularly those in emerging markets, are expected to make significant purchases of gold in the coming months.
The anticipated falling interest rates and continued demand from central banks make this a potentially lucrative time for gold investors. Goldman Sachs analysts suggest that the current moment could be a good time for investors to buy gold, as the price is forecast to rise to $3,000 per ounce by the end of 2025.
For those interested in investing in gold, Gold (ISIN: XC0009655157) is a possible option. However, as with any investment, it is important to do thorough research and consider seeking advice from a financial advisor.
For more information about the potential mega rally in gold, readers are encouraged to read the article "Is gold set for another mega rally? Analysts with new mega forecast." It's an interesting read that delves deeper into the factors driving the gold market and the potential opportunities for investors.
In conclusion, with analysts predicting gold prices to rise to new record highs by the end of 2025, it's an exciting time for gold investors. However, as with any investment, it's important to approach with caution and do thorough research before making any decisions.
Investment in the real-estate sector could benefit from the rising gold prices, as increased purchasing power might lead to higher demand for luxury properties. Furthermore, with analysts forecasting that gold-backed exchange-traded funds (ETFs) may see substantial inflows due to the anticipated gold rally, this trend could potentially spill over into the real-estate market.
