Goldman Sachs says gold prices may keep surging as Trump's trade war heats up

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Goldman Sachs says gold prices may keep surging as Trump's trade war heats up

Gold has been on an upward trajectory for some time, thanks to President Donald Trump’s latest round of tariffs. Goldman Sachs (GS) said the rally is set to continue, raising its year-end price target to $3,100 per ounce from $2,890. The metal hovered just below $2,900 in New York spot trading on Tuesday. Read more...

Bloomberg

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Goldman Raises Gold Target to $3,100 on Central-Bank Appetite

Goldman Sachs Group Inc. raised its year-end gold target to $3,100 an ounce on central-bank buying and inflows into bullion-backed exchange-traded funds, highlighting Wall Street’s enthusiasm for the metal.

poslovni.hr

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Traders fear the tariffs could mark a prelude to a trade war and harm the world economy.

InvestingCube

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Gold Price Eyes $3,000 Support As Safe Haven Demand Rises

Gold price was marginally down in Wednesday’s European trading session, going for $2,934 after losing 0.02% at press time. Markets are still wary of a tariff war, with US President Donald Trump seemingly planning to impose additional tariffs against more nations. Also, January’s FOMC meeting minutes will be out today, and that could inject fresh volatility into XAUUSD. Trump announced a new set of 25% tariffs targeting automobiles, semiconductor…

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Gold, which has risen more than 40% in the past year, could rise even more this year, according to US investment bank Goldman Sachs.

Mugglehead Magazine

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Gold prices will rise even higher in 2025: Goldman Sachs

Gold prices will rise even higher in 2025: Goldman Sachs. Some companies have hit all time highs because of gold's run.