Goldman Sachs(US:GS) 智通财经网·2025-03-27 05:58Group 1 - Goldman Sachs has raised its gold price forecast for the end of 2025 to $3,300 per ounce, up from the previous estimate of $3,100, with a revised range of $3,250 to $3,520, driven by unexpected growth in ETF inflows and strong demand from central banks [1] - The bank estimates that large Asian central bank buyers may continue to purchase gold rapidly over the next three to six years to meet potential reserve targets [1] - The basic scenario assumes normalization of speculative positions from current high levels, while the upper price range reflects continued tightness in positions under high uncertainty [1] Group 2 - Goldman Sachs reiterated its long position recommendation on gold but acknowledged two potential events that could provide more attractive entry points [2] - A peace agreement between Russia and Ukraine could trigger speculative selling, although the bank believes it is unlikely to significantly alter the tight supply-demand dynamics [2] - Newly approved gold allocations by Chinese insurance companies (approximately 280 tons) may set a price floor, with demand likely to emerge during price declines [2]