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Goldman Sachs has further provided forecasts for gold prices, positioning them to reach $2,900 per ounce by early 2025. Factors such as rising demand from ETFs and central banks, alongside anticipated shifts in Federal Reserve policies, support this bullish outlook.
Despite the Fed holding steady on interest rates, the vigorous activity from both institutional investors and central bank purchases portrays a fundamentally strong market for gold. The shifting landscape demonstrates that geopolitical tensions and diversifying investments away from Western securities are becoming more pivotal than previously realized.