Gold Prices Hit Record Highs as Analysts Raise 2025 Forecasts

Goldman Sachs and Bank of America project higher gold prices, citing strong central bank demand, ETF inflows, and economic uncertainty.

Gold prices have reached $3,060 per ounce, marking their 17th record high of 2025, driven by U.S. trade policy uncertainty and a weaker dollar.
Goldman Sachs raised its end-2025 forecast to $3,300 per ounce, citing stronger-than-expected ETF inflows and sustained central bank purchases.
Bank of America increased its 2025 price target to $3,063 per ounce and projected a potential rise to $3,500 within two years if investment demand grows by 10%.
Asian central banks are expected to continue aggressive gold purchases for the next three to six years, further supporting prices.
Market focus now shifts to potential reciprocal tariffs from the Trump administration on April 2, which could influence gold's trajectory.