Goldman Sachs reiterates its structurally bullish view on gold, expecting a year-end price of $3700 per ounce.

BlockBeats News, May 5th, Goldman Sachs stated that if an economic recession occurs, the accelerated inflow of ETF funds is expected to drive the gold price to $3,880 by the end of the year. Therefore, Goldman Sachs reiterated its structurally bullish view on gold, with a base expectation of a year-end gold price of $3,700 per ounce, reaching $4,000 by mid-2026.

Furthermore, Goldman Sachs stated that silver cannot be expected to catch up with the rise of gold, as the increase in central bank demand for gold structurally raises the gold-silver price ratio. (FX678)