Gold breaks through the $3,300 mark! How much more can it rise in the future?
Gold prices have surpassed USD 3,300 per ounce, and analysts predict that they will continue to rise in the future. Citigroup expects gold prices to reach USD 3,500 by the end of the year, while Goldman Sachs has raised its target price for 2025 to USD 3,700, with a potential to reach USD 4,000 by mid-2026. UBS and ANZ Bank are also optimistic about gold prices, forecasting USD 3,400 to USD 3,500 and USD 3,600, respectively. Deutsche Bank and JPMorgan Chase believe that the long-term upward trend of gold remains solid, and the USD 4,000 target will be achieved more quickly
Investment Insights - Gold breaks through $3,300, analysts point to the next target price of $3,500.
On April 16, the gold price broke through $3,300 per ounce, setting a new historical high.
Since the beginning of 2025, the gold price has cumulatively risen by 26%.
Can gold rise further in the future?
"In our view, the gold price will reach $3,500 per ounce by the end of the year, due to concerns about a hard landing in the U.S., stagflation, and a significant increase in hedging and investment demand, which will support the gold price," Citigroup stated.
Goldman Sachs raised its 2025 gold target price from the previous $3,300 per ounce to $3,700 per ounce, noting that the gold price will reach $4,000 per ounce by mid-2026.
UBS believes that gold will rise further, with a target of $3,400 to $3,500 per ounce in the coming months.
ANZ has raised its year-end gold price forecast to $3,600 per ounce and increased its six-month gold price forecast from $3,200 per ounce to $3,500 per ounce.
Deutsche Bank stated that the long-term bullish logic for gold remains solid, expecting the gold price to reach $3,350 per ounce by the end of 2025.
JPMorgan Chase believes that considering the time taken for each $1,000 phase is about two-thirds of the previous phase, along with the law of diminishing returns and investors' preference for round numbers, gold at $4,000 will arrive sooner than expected
