Gold prices moved in the $2908 area on Tuesday (2/18)
Gold prices are likely to rise further on structurally higher central bank demand, Goldman Sachs analyst Lina Thomas wrote in a note.
The bank raised its forecast for the precious metal by end-2025 to $3,100/oz from $2,890/oz, adding that central bank demand will add 9% to prices by year-end, combined with a gradual increase in ETF holdings as the federal funds rate declines.
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