Wall Street raises the gold target price to $3700

Goldman Sachs has raised its forecast for the price of gold by the end of 2025 to $3700 per ounce (previously $3300), this adjustment takes into account stronger than expected demand for gold purchases from central banks around the world, as well as factors such as increased recession risks leading to a boost in ETF inflows. This is currently the highest forecast among investment banks. In addition, Deutsche Bank's prediction is $3350 and UBS's is $3200.