Gold price rises to $2584 per ounce, analysts predict further growth
Kyiv • UNN
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.
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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.