heading for 3,000 dollars?

(Boursier.com) — Gold has not finished shining according to the Goldman Sachs teams. If the barbaric relic set records this year, before consolidating somewhat with the return of Donald Trump to the White House, it should resume its ascent in 2025. Several factors could in fact maintain the bullish dynamic of the metal, explain the specialists of the American bank.

According to them, an unprecedented escalation of trade tensions could notably revive speculative positioning on gold. Additionally, growing concerns over US fiscal sustainability could also boost gold prices, noting that central banks – particularly those holding large US Treasury reserves – could choose to purchase more of the precious metal. Finally, the drop in interest rates should also favor the precious metal.

In this context, investment banking strategists logically rank gold among the main commodities to hold in 2025. Spot gold is trading around $2,584 per ounce this Monday, after peaking above $2,790 last month. It could cross the $3,000 mark in 2025, according to GS.