Goldman Sachs expects new record levels for gold in 2025

Goldman Sachs expects gold prices to rise to new record levels next year, supported by the increase in central banks’ demand for the yellow metal, and in light of expectations of continued interest rate cuts in the United States.

The bank listed gold as one of the best types of commodities to invest in in 2025, expecting the gains of this metal to extend during the presidency of Donald Trump. It also encouraged investors to buy gold, expecting prices to reach $3,000 per ounce by December 2025.

It is noteworthy that gold prices rose again after their worst weekly performance since 2021, to trade near $2,600 per ounce.

The markets witnessed a noticeable shift in their trends following Trump’s victory, as this victory raised expectations of a new phase of tightening in monetary policy, in addition to the decline in fears of escalating geopolitical tensions.