The investment bank sees heightened demand from ETF inflows and central bank stockpiling as key drivers behind this potential rally.<\/p>\n
In a more typical economic scenario, Goldman still expects<\/a><\/strong> gold to perform strongly, estimating a rise to $3,700 by the end of next year and potentially reaching $4,000 by mid-2026. But in a more dramatic \u201ctail-risk\u201d case\u2014where investors begin to question the Fed\u2019s independence or suspect shifts in U.S. monetary reserves\u2014prices could spike closer to $4,500.<\/p>\nGold has already had a strong run in 2025, gaining over 26% year-to-date and currently trading around $3,315. However, some analysts note the metal is nearing technically overbought territory, hinting that a short-term pullback might be due.<\/p>\n
Gold has already had a strong run in 2025, gaining over 26% year-to-date and currently trading around $3,315. However, some analysts note the metal is nearing technically overbought territory, hinting that a short-term pullback might be due.<\/p>\n