Last month, Bitcoin.com News shared a prediction from Goldman Sachs commodity analysts, forecasting an 8% potential rise in the price of .999 fine gold. The analysts expressed their “highest confidence” in gold at the time, projecting it to climb to $2,700 per ounce. Just a month later, however, these same financial experts have switched gears and are now taking a fresh outlook.

This past week, Goldman analysts doubled down on their call to go long on gold, highlighting strong demand from both institutional investors and central banks. Goldman Sachs has upped its forecast for gold, raising its projection from $2,686 per ounce next year to $2,973 by 2025. “We reiterate our long gold recommendation due to the gradual boost from lower global interest rates, structurally higher central bank demand and gold’s hedging benefits against geopolitical, financial, and recessionary risks,” the analysts explained.

As of Sunday, Oct. 6, gold is holding steady at $2,653 per ounce, down 0.30% over the past week. However, in the last month, gold has gained 6.35% against the U.S. dollar. Goldman isn’t alone in its optimism. Swiss investment bank UBS has named gold as its “Most Preferred” asset in its global strategy, while Bloomberg Intelligence’s Senior Commodity Strategist Mike McGlone believes hedge funds will drive gold to $3,000 per ounce.

Central banks are also adding to their gold reserves. According to Krishan Gopaul, senior analyst for the World Gold Council, last month’s report showed a 206% increase in net gold purchases for July compared to the previous month. Retail buyers are joining the gold rush, too. Costco’s recent earnings revealed a double-digit rise in gold sales over a three-month period, and the retail giant has now announced plans to start selling platinum as well.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。