当投资者将钱倒入黄色金属中时，黄金再次闪耀着明亮

由于黄金价格达到了每盎司3243美元的新高价，投资者对黄金的兴趣正在飙升 - 而且价格预测也是如此。

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.

黄金价格已经飙升至新鲜的高价，引起了投资者对黄金金属的兴趣，并领导着主要的金融机构发行惊人的新价格预测。

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.

据英国广播公司（BBC）报道，戈尔德（Gold）以前的历史最高水平打破了每盎司3,243美元的票房。由于持续的地缘政治紧张局势和减缓全球增长的速度，投资者对避风港资产的需求增加了集会。

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.

现在，由于黄金的交易舒适到3200美元以上，分析师正在向上修改其预测 - 有些人呼吁在未来12到18个月内建立历史性的价格水平。

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

高盛（Goldman Sachs）：到2025年底，黄金至$ 4,500

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.

在最近的更新中，高盛（Goldman Sachs）发布了其黄金价格目标的重大升级，现在预测到2025年底每盎司4,500美元。这一新预测是迄今为止最看涨的机构电话之一 - 并增加了围绕黄金的增长势头。

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

据高盛称，有几个因素支持这种看涨的观点：

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

*中央银行对黄金的需求增加，预计将在2025年继续。

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

*预计大部分“多余”储蓄将流向黄金，从而进一步提高需求。

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

*耐用的商品行业是铜的主要消费者，预计将在2025年恢复，从而影响铜价。

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.

从高盛（Goldman Sachs）进行的这一新预测非常重要，因为它在4月份的先前进行了大量修订之后，当时该银行将其12个月的黄金目标股价翻了一番，达到3,000美元。

ANZ: $3,600 by End of 2025

ANZ：到2025年底到3,600美元

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的分析师也是看好的，预计到2025年期末的黄金为3,600美元。他们强调了金融市场的风险规避，并增加了亚洲需求，这是支持黄金价格的关键因素。

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.

ANZ的预测与其他主要机构一致。例如，德意志银行（Deutsche Bank）将其黄金价格预测修改为到2026年每盎司3,700美元。

Saxo Bank: $3,500 Target Maintained

萨克斯银行：维持$ 3,500的目标

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

萨克斯银行（Saxo Bank）以前预测3,300美元的黄金（现在已超过目标），到2025年底已将其预测提高到3,500美元。

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."

萨克索在最近的评论中指出：“黄金继续受益于结构性宏观主题 - 包括中央银行的积累和付费趋势 - 供应仍然很紧张。”

Deutsche Bank: $3,700 Gold by 2026

德意志银行：$ 3.700黄金到2026年

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

正如Concodex先前报道的那样，Deutsche Bank已大大修改了其黄金预测，预计到2026年，每盎司3,700美元。

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

在路透社引用的注释中，该银行指出了几种长期催化剂：

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

*长期通货膨胀率高于2％，将支持更高的实际利率，这可能会推动对黄金的需求作为通货膨胀对冲。

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

*预计大部分“多余”储蓄将流向黄金，从而进一步提高需求。

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

*耐用的商品行业是铜的主要消费者，预计将在2025年恢复，从而影响铜价。

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.

德意志银行的观点与越来越多的长期黄金预测的更广泛的市场趋势保持一致 - 表明目前的集会可能仍处于早期阶段。

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

Coincodex的预测：黄金至2025年$ 4,800

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.

在Coincodex上，我们的算法黄金预测模型预测，到2025年底，黄金可以达到每盎司4,800美元的峰值。这种前景由历史价格模式，市场动量，全球流动性周期和钥匙宏观经济指标以及所有这些都在珍贵的METALE MARKEN中进行了延长。

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%.

在整整一年中，预计黄金将在3,164.70至4,807.06美元之间的交易范围内，估计平均年价格为4,062.70美元。与当前水平相比，这可能年的年收益约为49.14％。

Gold price forecast for 2025 by month (source).

每月2025年的黄金价格预测（来源）。

Final Take: Gold Rally Just Getting Started?

最终拍摄：Gold Rally刚开始？

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

黄金已经在2025年发布了令人印象深刻的表现 - 但是，如果当前的动量成立，可能仍然有很多上行。

Here's how leading forecasts compare:

这是领导预测的方式比较：

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

*高盛（Goldman Sachs）：$ 4,500到2025年底

* ANZ: $3,600 by End of 2025

* ANZ：$ 3,600到2025年底

* Saxo Bank: $3,500 Target Maintained

*萨克斯银行：维护目标$ 3,500

* Deutsche Bank: $3,700 by 2026

*德意志银行：2026年$ 3.700

* CoinCodex: $4

* COINCODEX：$ 4