Goldman Sachs thinks gold could reach $3,700 an ounce by the end of 2025 because the metal was "uniquely positioned to hedge ...

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ANZ raised its year-end gold price forecast to $3,600 per ounce and its six-month forecast to $3,500 from $3,200 earlier, the bank said in a note on Wednesday.

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Goldman Sachs analysts foresee gold prices reaching $3,700 an ounce by year's end and climbing to $4,000 by mid-2026. UBS forecasts a price of $3,500 an ounce by December 2025.

Other global banks have cut their outlook for China in recent days. Read more at straitstimes.com. Read more at straitstimes.com.