GOLD PRICE FORECASTS FOR 2025 & 2026
HSBC:
2025: $2,687
2026: $2,615
End-2025: $2,620
Deutsche Bank:
2025: $2,725
2026: $2,900
ANZ:
2025: $2,763
2026: $2,795
End-2025: $2,900
Macquarie:
2025: $2,951
2026: $2,675
Goldman Sachs:
2025: $3,300
UBS:
End-2025: $3,000
BofA:
2025: $3,063
2026: $3,350
JP Morgan:
2025: $2,863
2026: $3,019
Q4 2025: $3,000
Morgan Stanley:
2025: $2,763
2026: $2,450
Citi Research:
2025: $2,900
2026: $2,800
0-3 Months: $3,200/oz
6-12 Months: $3,000/oz
End-2025: $3,500