What is Goldman Sachs' gold price projection for 2025 if the Federal Reserve keeps interest rates steady?

According to Goldman Sachs, if the Federal Reserve maintains steady interest rates, gold prices are expected to reach $3,060 by 2025. This bullish outlook is supported by several factors including ongoing central bank demand and anticipated ETF inflows. Goldman Sachs views gold as an important hedge against fiscal instability, inflation concerns, and trade tensions in the current economic climate. The bank has outlined various price scenarios based on monetary policy uncertainty and central bank purchasing trends, ultimately reinforcing a positive perspective on gold as an investment during economic fluctuations.