Safe-haven investors are gravitating towards gold primarily due to persistent economic and geopolitical uncertainty. With the U.S. dollar declining approximately 10% recently, and central banks expected to buy around 1,000 metric tons of gold this year, there is a heightened belief that gold prices could escalate substantially. Analysts, including those from Goldman Sachs and JPMorgan, have made bullish forecasts for gold, suggesting prices could reach as high as $4,000 per ounce by 2026. Investors can access this potential through various gold exchange-traded funds (ETFs).
Analysts at JPMorgan now foresee gold prices averaging $3,675 per ounce by the fourth quarter of 2025, with the potential for reaching above $4,000 by mid-2026.
Goldman Sachs predicts that gold could see a rally to $3,700 by the end of 2025 and possibly hit $4,000 by mid-2026.
Despite recent pullbacks, the macroeconomic environment, including a weakening U.S. dollar and ongoing geopolitical tensions, is set to bolster gold's appeal.
Central banks continue to purchase gold aggressively, with projections indicating they might acquire 1,000 metric tons this year, reflecting ongoing trust in the asset.
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