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Gold price rises to $2584 per ounce, analysts predict further growth

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The gold price reached $2,584 per ounce and continues to rise. Goldman Sachs predicts further growth to $3,000 per ounce by December 2025 due to strong demand from central banks.

Analysts believe that by December 2025, the gold price will rise to $3000 per ounce.

Writes UNN with reference to FXStreet and XTB.

Gold prices rose on Monday. Quotes added almost 1% as the dollar stopped strengthening. Currently, the gold price has reached $2584 per ounce and may be adjusted to around $2600.

At the same time, Goldman Sachs maintained its target gold price of $3,000 per ounce until December 2025.

TikTok's parent company was valued at $300 billion17.11.24, 23:22

According to the bank, the main catalysts for growth will be strong demand from central banks, inflows to exchange-traded funds, and the Federal Reserve's interest rate cuts.

Gold price recovers after the biggest drop since July: what's happening on the market01.11.24, 10:47

Ihor Telezhnikov Economy
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