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Gold Prices Set to Surge Amid Geopolitical Tensions

10/2/2025

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Summary

Story summary

Goldman Sachs expects a 6% rise in gold prices by mid-2026, potentially to $2,300 per ounce.
Central banks will continue accumulating gold, with 43% planning higher holdings—the highest since 2018.
In 2025, central banks bought 64 tonnes monthly, below the 80-tonne forecast, yet demand is rising.
Geopolitical tensions, supply-chain disruptions, and historical crises push gold higher as a safe haven.

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Story summary

Goldman Sachs expects a 6% rise in gold prices by mid-2026, potentially to $2,300 per ounce.
Central banks will continue accumulating gold, with 43% planning higher holdings—the highest since 2018.
In 2025, central banks bought 64 tonnes monthly, below the 80-tonne forecast, yet demand is rising.
Geopolitical tensions, supply-chain disruptions, and historical crises push gold higher as a safe haven.