Gold rate today: Goldman Sachs raises year-end target to $3,300; predicts $4,500 peak in extreme risk case

Goldman Sachs raised gold price target to $3,700 an ounce by end-2025, its third such hike this year
Gold prices could reach as high as $4,500 per ounce in an extreme risk case by the end of 2025, foreign investment bank Goldman Sachs said, citing escalating US-China trade war and fears of recession.

Gold prices crossed the $3,200-per-ounce mark for the first time last week, reaching a record high of $3,245.69 per ounce, as rising geopolitical and economic uncertainty rattled global markets.

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