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Goldman Sachs report: Trade tensions may make gold more expensive

India AwareBy 724 Comments2 Mins Read
Caption: CNBC TV18

Foreign investment bank Goldman Sachs has warned that due to the growing US-China trade war and recession fears, gold prices could reach $4,500 per ounce by the end of 2025. This is about 38 percent higher than the current price of $3,247 per ounce. This is the third time Goldman Sachs has increased the target for gold for the end of 2025. Earlier, they had increased the gold price target to $3,300 per ounce. However, under normal circumstances, gold prices could reach $3,700 per ounce by the end of 2025.

As the US-China trade war escalates, concerns about the US economy have increased, which has increased the demand for gold to protect against recession. Gold prices rose 6.5 percent last week, which is the best weekly performance since Covid-19. Gold prices are getting support due to increasing global instability due to President Donald Trump’s reciprocal tariffs.

Concerns about recession risk, rising bond yields and financial instability are attracting investors to gold. Apart from individual investors, demand for gold is also increasing from institutions and central banks, which has supported the prices. In the first quarter of this year, gold-based exchange-traded funds (ETFs) saw the highest investment since 2020. Central banks, especially in emerging markets, are buying more gold in an attempt to reduce their dependence on the dollar.
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