Financial Market News

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

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Goldman Sachs: gold can bring 14% profitability by the end of the year

April, 15 2025

Goldman Sachs Group Inc. and UBS Group AG have again voiced optimistic forecasts for gold, citing strong demand from central banks and the asset's protective properties in the face of recession, geopolitical risks and tariff war.The bank's analysts expect the cost of an ounce of «black gold» to rise to $3,700 by the end of 2025, and to reach $4,000 by the middle of next year. These forecasts came after gold jumped 6.6% last week, setting a new record above $3,257 per ounce. The current quot... Read More

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