Goldman Sachs gold price forecast analysts have bolstered the optimistic outlook for precious metals, predicting that by the end of 2025 the price could actually reach $3,700 per ounce. Such market volatility and ongoing geopolitical tensions are currently creating an environment in which safe shelters like gold are attracting investors’ attention.
Gold price forecasts, trade shifts, market volatility risks
Goldman Sachs has recently doubled its bullish gold price forecast, and now expects gold to rise to $3,700 per ounce by December and to reach $4,000 by mid-2026. This Goldman Sachs forecast comes when many investors are increasingly concerned about economic stability.
An investment bank analyst said:
“In the event of an economic recession, if we accelerate the flow into ETFs, the gold price could reach $3,880 by the end of the year.”
Currently, forecasts for gold prices appear to be moderated somewhat by optimism over future US-China trade talks. While precious metals are traded near the $3,360 area, traders and institutional investors are waiting with concern for Federal Reserve policy decisions.
Geopolitical tensions support safe shelter assets
Continuous market volatility related to global conflict continues to strongly support gold price forecasts despite daily fluctuations. The sustained geopolitical risks from several aspects, including the Russian-Ukraine conflict, tensions in the Middle East and military escalations along the India-Pakistan border, all contribute to the appeal of gold at present.
A Kremlin spokesman has officially announced it.
“Russia will stick to the plan for a ceasefire that was unilaterally imposed between May 8th and 11th, but warned that appropriate response will be given immediately if Ukraine does not stop the fire.”
The development of the US-China trade war is also being closely monitored by gold investors. US Treasury Secretary Scott Bescent and trade representative Jamieson Greer are preparing for a key meeting with Swiss Chinese officials this week, presenting the first direct discussion since the recent implementation of tariffs.
The technical outlook is consistent with bullish projections
From a technical analysis perspective, Gold’s recent breakouts beyond its recent 3,360-3,365 level barriers increase reliability in positive gold price forecasts from major financial institutions such as Goldman Sachs. Analysts interpret the move above $3,400 as a new trigger for the bull, but technical indicators remain firmly in the positive territory.
Analysts currently view the $3,430-$3,435 area as a key zone for gold price forecasts. A critical break beyond this level could drive prices towards an all-time high, reaching a psychological mark of perhaps $3,500 and reaching loan support for Goldman’s ambitious Goldman Sachs forecasts.
Analysts are hoping for gold support near the $3,365-3,360 area, while traders expect to add around $3,328-3,327 over the key round figure of $3,300. Investors and market participants will provide important clarity on future interest rate cuts ahead of the Fed’s future decisions, and will affect the market volatility outlook.
Gold price forecasts from Goldman Sachs arrive when more and more investors are actively seeking protection against economic uncertainty and market volatility. The appeal of precious metals as safe shelters remains particularly strong in the current environment as they support the upward trajectory of gold, with multiple factors such as trade tensions and geopolitical risks.
