Gold Price Predictions for 2025
Goldman Sachs forecasts a gold price of up to $3,000 per ounce by the end of 2025. This assessment is based on ongoing uncertainty due to inflation and geopolitical risks, as well as increased demand from central banks, particularly in emerging markets. Interestingly, this forecast does not rely solely on a severe recession scenario but rather on structural factors such as the shift of reserves away from the US dollar towards gold as a safe-haven asset.
J.P. Morgan and Other Expectations
Goldman Sachs’ estimate of a gold price of $4,500 per ounce by the end of 2025 has not yet been confirmed. Other major financial institutions like J.P. Morgan, on the other hand, expect the gold price to rise to about $3,675 in Q4 2025 and even up to $4,000 in Q2 2026. Here too, geopolitical risks and recession fears are cited as significant drivers.
| Source | Price Prediction for Gold (USD/Ounce) | Timeframe | Key Assumptions |
|---|---|---|---|
| Goldman Sachs | Up to approx. 3,000 | End of 2025 | Inflation, geopolitical risks, central bank purchases |
| J.P. Morgan | Approx. 3,675 – 4,000 | Q4/2025 – Q2/2026 | Recession risks, trade conflicts |
Key Factors for Investors
For investors, this development is particularly important: The increasing demand for physical gold as a hedge against economic uncertainties and geopolitical tensions could continue to support prices. Anyone looking to prepare for future developments in the commodities market should closely monitor these factors.
If you are seeking an assessment in the context of a severe recession scenario: Such scenarios can significantly increase demand for safe assets like gold and theoretically allow for higher prices – however, concrete official figures are currently not available.