What is Goldman Sachs' forecast for gold prices by the end of 2025?

According to Goldman Sachs, gold prices could potentially surge to $3,300 per ounce by the end of the year, primarily driven by ongoing high uncertainty in the financial markets. This bullish forecast is specifically influenced by concerns regarding tariffs and monetary policy risks that are expected to persist. The investment bank believes that prolonged economic and policy uncertainties will create favorable conditions for gold's appreciation as investors seek safe-haven assets. This projection represents a significant potential upside from current gold prices as the precious metal continues to be viewed as a hedge against financial instability.