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Precious metals have been a safe haven store of value for thousands of years. In addition, central bank demand is bidding up prices as institutions look to move away from the U.S. dollar as a reserve currency.
Goldman Sachs now forecasts gold prices will surge to $4,000 an ounce by mid-2026, citing robust central bank demand, rising recession risks, and geopolitical uncertainty, writes Bloomberg.
The bank raised its year-end 2025 target to $3,700, with analysts highlighting accelerating inflows into gold-backed ETFs as investors seek safety.
“Recent flows have surprised to the upside,” Goldman said, noting a potential 45% chance of a U.S. recession.
In that scenario, prices could climb even faster, the bank warned.
CDM has been talking about the benefits of owning precious metals for years. Now the reader has solid reasons for investigating this asset class.
