Gold Rate: So buy gold today? Trade wise will further rise in prices, this firm shocked

Rise in Gold Prices: Gold prices can increase to $ 4,500 an ounce internationally due to trade war, which is about 38 percent more than $ 3,247 an ounce. This information was given by Foreign Investment Bank Goldman Sash.

How much can prices increase?

Foreign Investment Bank Goldman Sash, citing the possibility of growing American-China trade war and recession, said that in the event of high risk, gold prices could reach $ 4,500 an ounce by the end of 2025. In addition, the financial firm said that in normal condition, the prices of gold can rise to $ 3,700 an ounce by the end of 2025.

Goldman Sash has increased the target of gold at the end of 2025 for the third time. Earlier, the foreign bank had increased the target of gold price to $ 3,300 an ounce. The foreign firm said that the demand for gold to protect against the recession has increased due to increased concerns about the US economy due to the increase in the US-China trade war. Gold prices have seen a jump of 6.5 percent last week. This was the best weekly performance of gold after Kovid-19. The reason for this is the growing instability globally from President Donald Trump’s reciperook tariff, which is supporting the prices of gold.

Demand for gold increased from central banks

Market analysts say the risk of recession, an increase in bond yields and concern of financial instability are attracting investors towards gold. Apart from individual investors, the demand for gold from institutions and central banks is also increasing, which has supported prices. In the first quarter of this year, the gold-based exchange-traded funds (ETFs) had the highest investment since 2020. The central banks, especially in emerging markets, are buying more gold in an attempt to reduce their dependence on dollars.

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