Gold Is Shining Bright Again as Investors Pour Money Into the Yellow Metal

With gold prices hitting a new all-time high of $3243 per ounce, investor interest in the yellow metal is surging — and so are price forecasts.

Gold prices have soared to fresh all-time highs, sparking investor interest in the yellow metal and leading major financial institutions to issue staggering new price forecasts.

As reported by BBC, gold broke through its previous all-time high, touching $3,243 per ounce. The rally has been fueled by increased investor appetite for safe-haven assets amid ongoing geopolitical tensions and slowing global growth.

With gold now trading comfortably above $3,200, analysts are revising their forecasts upward - and some are calling for historic price levels within the next 12 to 18 months.

Goldman Sachs: Gold to $4,500 by End of 2025

In its most recent update, Goldman Sachs issued a major upgrade to its gold price target, now forecasting $4,500 per ounce by the end of 2025. This new forecast represents one of the most bullish institutional calls yet - and adds to growing momentum around gold.

According to Goldman, several factors are supporting this bullish outlook:

* Rising central bank demand for gold, which is expected to continue in 2025.

* A bulk of the "excess" savings is expected to flow into gold, further boosting demand.

* The durable goods sector, which is a major consumer of copper, is expected to recover in 2025, impacting copper prices.

This new forecast from Goldman Sachs is significant, as it follows a previous substantial revision in April, when the bank nearly doubled its 12-month gold price target to $3,000.

ANZ: $3,600 by End of 2025

Analysts at ANZ are also bullish, forecasting gold at $3,600 by year-end 2025. They highlight the growing risk aversion in financial markets and increasing demand from Asia as key factors supporting gold prices.

ANZ's forecasts are in line with other major institutions. For instance, Deutsche Bank has revised its gold price forecast to $3,700 per ounce by 2026.

Saxo Bank: $3,500 Target Maintained

Saxo Bank, which previously predicted $3,300 gold (a target now surpassed), has revised its forecast to $3,500 by the end of 2025.

In their recent commentary, Saxo noted: "Gold continues to benefit from structural macro themes - including central bank accumulation and de-dollarization trends - all while supply remains tight."

Deutsche Bank: $3,700 Gold by 2026

As previously reported by CoinCodex, Deutsche Bank has significantly revised its gold forecast, projecting a price of $3,700 per ounce by 2026.

In a note cited by Reuters, the bank pointed to several long-term catalysts:

* Long-term inflation above 2 percent will support higher real interest rates, which could push up demand for gold as an inflation hedge.

* A bulk of the "excess" savings is expected to flow into gold, further boosting demand.

* The durable goods sector, which is a major consumer of copper, is expected to recover in 2025, impacting copper prices.

Deutsche Bank's view aligns with the broader market trend of increasingly bullish long-term gold forecasts - suggesting the current rally may still be in its early stages.

CoinCodex Forecast: Gold to Peak at $4,800 in 2025

At CoinCodex, our algorithmic gold prediction model forecasts that gold could reach a peak of $4,800 per ounce by the end of 2025. This outlook is driven by a combination of historical price patterns, market momentum, global liquidity cycles, and key macroeconomic indicators - all of which suggest an extended rally in the precious metals market is underway.

For the full year, gold is expected to trade within a range of $3,164.70 to $4,807.06, with an estimated average annual price of $4,062.70. Compared to current levels, this translates to a potential annual return of approximately 49.14%.

Gold price forecast for 2025 by month (source).

Final Take: Gold Rally Just Getting Started?

Gold has already posted an impressive performance in 2025 - but if the current momentum holds, there may still be plenty of upside left.

Here's how leading forecasts compare:

* Goldman Sachs: $4,500 by End of 2025

* ANZ: $3,600 by End of 2025

* Saxo Bank: $3,500 Target Maintained

* Deutsche Bank: $3,700 by 2026

* CoinCodex: $4