Goldman Sachs: Not afraid of a sharp short-term correction in gold, expecting at least $3,700 this year
Samantha Dart, head of Goldman Sachs' global commodities research department, stated that despite the recent significant pullback in gold prices, Goldman Sachs believes this is actually a good buying opportunity, forecasting that gold prices will reach $3,700 per ounce by the end of 2025. Goldman Sachs believes that the risk of a current economic recession remains high, providing potential upside for gold. Even if market sentiment eases, many assets have limited upside potential, while gold has greater upward potential due to factors such as central bank purchases and growth in ETF holdings
Samantha Dart, head of Goldman Sachs' global commodities research department, stated that despite the recent significant pullback in gold prices, Goldman Sachs believes this is actually a good buying opportunity, expecting gold prices to reach $3,700 per ounce by the end of 2025. Goldman Sachs believes that the risk of a current economic recession remains high, providing potential upside for gold. Even if market sentiment eases, many assets have limited upside potential, while gold has greater upside potential due to factors such as central bank purchases and growth in ETF holdings
