Bloomberg News: Goldman Puts $4,000 Gold on the Agenda as Hunt for Havens Grows
Article by Sybilla Gross in Bloomberg News
Goldman Sachs Group Inc. and UBS Group AG issued another round of bullish calls for gold, with stronger-than-expected central bank demand and the metal’s role as a hedge against recession and geopolitical risks underpinning expectations for even higher prices in 2025.
Goldman analysts including Lina Thomas now see gold rallying to $3,700 an ounce by the end of this year — with prices set to hit $4,000 an ounce by mid-2026 — while UBS strategist Joni Teves pointed to $3,500 an ounce by December 2025, according to two separate notes on Friday.
The new targets come after gold surged 6.6% last week, with prices clinching a fresh record above .....