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Gold prices: Gold prices can reach $ 4,500 an ounce by the end of 2025 amidst the upheaval in the global market. Foreign Investment Bank Goldman Sachs says that gold prices may rise amidst the possibility of increasing trade war and recession of American-China.
According to the report, Goldman Sachs has increased the gold target price to $ 3,700 an ounce by the end of 2025, which is the third increase of this year. Earlier in March, gold target price was increased to $ 3,300 an ounce. The target price shows how far the price of gold can go in the market in the coming time. According to the Investment Bank, there is a situation of concern about the US economy due to the trade war. Gold demand may increase as a safe investment from fear of recession.
Increasing price between the upheaval in the global market
Last week, gold prices crossed the level of $ 3,200 an ounce for the first time and reached a record high level of $ 3,245.69 an ounce. The reason behind this is the upheaval in the global market. Its strong demand was observed in both physical procurement (physically purchase of gold coins, bar or jewelery) and exchange-traded funds (ETF). Goldman Sachs says that people are preparing to protect their rescue through gold against the rising risk of recession in the US.
Trade war broke out between America and China
Let us know that the demand for gold and the rise in prices is being seen between the growing trade war between the US and China. On one hand, the US has increased the tariff on sugar imports to 145 percent. At the same time, on the other hand, China also retaliated on this, increasing the tariff on American goods to 125 percent.
How much is the price of gold today?
The price of gold declined on Monday as US President Donald Trump has reduced the trade war to some extent by removing the tariff from smartphones, computers and other electronics products. Most of these products are imported from China.
The spot gold fell 0.4 percent to $ 3,223.67 an ounce. According to the Reuters report, in the last season, Bullion touched a record high level of $ 3,245.28. US gold futures have fallen 0.1 percent to $ 3,240.90.
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