Spot gold climbs above $3,740/oz
Key Takeaways
- Gold reached a new all-time high above $3,740 per ounce, showing strong year-to-date gains of over 40%.
- Analyst forecasts from Goldman Sachs and UBS expect gold to potentially rise to $4,000 per ounce by late 2025 or 2026.
Spot gold climbed above $3,740 per ounce today, marking a new all-time high for the precious metal valued for its rarity and use in investments, jewelry, and technology.
The breakthrough represents another milestone in gold’s remarkable 2025 performance, with the metal posting gains of over 40% year-to-date. Central bank purchases and investor demand for safe-haven assets have fueled the sustained rally.
Goldman Sachs and UBS analysts have forecasted gold reaching $3,800 to $4,000 per ounce by late 2025 or into 2026, reflecting ongoing bullish sentiment amid economic uncertainties.
The current price surge extends gold’s role as a hedge against currency devaluation, with rising prices often correlating with geopolitical tensions, inflation concerns, and a weakening US dollar.
Central banks, including those in China, have increased gold reserves substantially in recent years, contributing to sustained demand well beyond historical averages.
Gold’s ascent past $3,740 surpasses previous peaks like the $2,000 per ounce barrier broken in 2020 during the COVID-19 pandemic, highlighting the metal’s performance during periods of global instability.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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