Goldman Sachs predicts that escalating trade tensions and concerns about the U.S. fiscal balance could significantly increase gold prices over the next year.
The recent pullback in gold prices after an all-time high presents an attractive entry point for buyers, according to Goldman Sachs' analysis.
Central banks are diversifying away from U.S. dollars towards gold due to its political neutrality and reduced risk of seizure, a trend expected to support future demand.
Goldman Sachs suggests that gold could rise to $3,150 an ounce by 2025 due to geopolitical risks and investor speculation, indicating strong future demand.
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