Gold Could Be on its Way to $4,000 On Recession Fears, says Goldman Sachs

Goldman Sachs: Strong Asia session gold buying for 8 straight days; 4,500/oz a tail risk

Gold touched $3344 on Wednesday

Goldman Sachs sees more room for gold to run higher, hiking its forecast for the precious metal due to growing recession risks

The Wall Street investment bank predicts an ounce of gold will cost $3,700 by the end of this year, up from a previous forecast of $3,300, citing more central banks buying the precious metal along with higher ETF flows. Donald Trump’s presidency has been a blessing for goldbugs now profiting from the uncertain economic outlook sparked by his administration’s trade war. In times of great uncertainty, few assets can outperform gold. The precious m…

Goldman puts US$4,000 gold on the agenda as hunt for havens grows

Goldman Sachs Group Inc. and UBS Group AG issued another round of bullish calls for gold, as a hedge against a possible recession. Read on

Gold's epic 2025 is not over yet, says Goldman Sachs

The price of gold keeps rising this year.Doug Armand/Getty ImagesGoldman Sachs raised its 2025 gold price forecast by $400 to $3,700.Gold has surged this year as investors seek safe havens amid tariff-induced uncertainty.UBS and Bank of America predict gold prices will reach $3,500 in 2025.Gold is having a stellar year — and its surge may not be over yet.Goldman Sachs raised its overall price forecast by $400 to $3,700 an ounce by the end of the…

Gold Could Be on its Way to $4,000 On Recession Fears, says Goldman Sachs

Detailed price information for Goldman Sachs Group (GS-N) from The Globe and Mail including charting and trades.