Goldman Sachs extends the price of gold – Goldman Sachs Estimates The Price of Gold

Goldman Sachs has estimated the price of gold to rise to $ 3,700 an ounce by the end of December, while earlier it was estimated to reach $ 3,300 an ounce. The estimated limit of gold price is estimated to be between 3,650 and 3,950 dollars due to high flow of exchange-traded funds due to high demand and ravages of central banks and and recession.

In a Friday note, the bank has said, “If the recession comes, the ETF flow can move further and by the end of the year gold can reach the price of $ 3,880 an ounce.” It has said, “If the increase in policy uncertainty increases to higher levels, then the flow of ETF can change our rate at the rate and by the end of the year, the price can remain up to $ 3,550 an ounce.” The US has exempted retaliation on smartphones and computers, but Donald Trump has also warned that fees are likely to be imposed after some time.

On Monday, gold spot price reached a new record of $ 3,245.42 an ounce. Due to the speculation about the fee in the market, there was a lack of a certain direction. After that, after the smartphone and computer were freed from the trump fee, the price of gold decreased to a record high level but remained at a remarkable level above $ 3,200 an ounce. Gold spot price fell 0.4 percent to $ 3,223.12 an ounce. The US Gold Futures fell 0.2 percent to $ 3,238.20.

Jane Wavada, an analyst at OANDA markets, said, “There has been a slight improvement in the market perception after President Trump’s announcement of electronics and smartphones out of the fee. This has partly declined the prices of gold, which is probably due to earning profits.

First Published – April 14, 2025 | 10:22 PM IST