Finance News
By Evie Vavasseur
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Central Bank Buying Resets the Baseline. For context, the pre-2022 monthly average was 17 tonnes.
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Rate Expectations and the Debasement Trade. Beyond central bank activity, Thomas and Struyven pointed to U.S.
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Where Silver Fits — and Doesn't. The source briefly mentions Robert Kiyosaki's focus on silver, tied to federal debt concerns.
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Goldman Sachs just raised its gold target to $4,900 per troy ounce by year-end. That's a bold call, and the bank's commodities team is pretty clear about what's driving it:…
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Analysts Lina Thomas and Daan Struyven are leading the research. Their read is that central banks are snapping up gold to hedge against geopolitical and financial uncertainty,…
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For context, the pre-2022 monthly average was 17 tonnes. So even the "conservative" 50-tonne forecast feels elevated by historical standards.
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Gold doesn't pay a yield. It doesn't generate cash flow. But when geopolitical risk is high and trust in any single currency is murky, it's basically the one asset that every…
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The Goldman team also flagged something worth watching: they did not factor heightened ETF demand into their $4,900 forecast. That's a notable omission.
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Beyond central bank activity, Thomas and Struyven pointed to U.S. interest rate expectations as another tailwind.
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And then there's what the analysts call the "debasement trade." The idea here is that private portfolios currently hold relatively little gold.
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More context: Bitcoin and Gold ETFs Attract $7 Billion Amid U.S. Debt Crisis Surpassing $40 Trillion
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It's not a certainty. The analysts frame it as a medium-term catalyst, something that could accelerate gold's move rather than something that's already baked in.
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Private investor interest in gold has been inconsistent over the past few years. ETF flows were actually negative for stretches of 2022 and 2023 even as central banks were buying…
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Goldman's broader strategies beyond the gold forecast weren't disclosed in the research. The focus stayed tight: central bank demand, rate expectations, private investor…
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Worth noting — the 50-tonne monthly purchase assumption is already a step down from June's 100-tonne figure.
The Currency Analytics
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