Reported 2 days ago
Gold prices are forecasted to reach $3,100 per troy ounce by the end of 2025, as central banks have reportedly increased their gold purchases fivefold due to concerns over asset safety following the freezing of Russian reserves in 2022. Goldman Sachs analyst Daan Struyven explains that this shift reflects a growing recognition among emerging market central banks of the need for safer asset allocations, further compounded by lower interest rates and policy uncertainties that bolster demand for gold as a hedge.
Source: YAHOO