Goldman Sachs increased their forecast for gold to $3,300 per ounce by the end of 2025.
"Goldman Sachs had an original target of $3,100 already achieved then they increased it to $3,300 by the way I'm talking about forecast for gold by the end of 2025."
Gold could climb to $3,700 per ounce (an 11% upside) by the end of 2025 if geopolitical uncertainty persists or escalates.
"Goldman Sachs also mentioned that if this geopolitical uncertainty remains at the same level or even escalates it could climb up i mean gold could climb up to $3,700 per ounce that's almost 11% potential upside from the current levels."
UBS and Bank of America have set a price target of $3,500 per ounce for gold by the end of 2025.
"what about UBS and Bank of America both have set a target price of almost $3,500 almost 5% up from the current level again this price target is for end of 2025"
Axis Mutual Fund has a gold target of $3,000 per ounce for the next 12 to 18 months, implying a 10% downside.
"Axis mutual funds uh axis mutual fund they have given a gold target of $3,000 per ounce by the end of 2025 roughly they are saying actually for the next 12 to 18 months and that translates into a downside of almost 10%"
Geopolitical uncertainties including the Russia-Ukraine conflict, US-China trade war, and India-Pakistan tensions will drive gold prices up in the medium-term.
"uncertainty about Russia and Ukraine uncertainty about US and China trade war resolution and uncertainties because of growing tensions between India and Pakistan"
