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Wall Street raises gold target price to $3,700

According to online reports, Goldman Sachs raised its forecast for gold prices at the end of 2025 to US$3700 per ounce (previously US$3300). This adjustment takes into account stronger-than-expected demand for gold from central banks and a boost to ETF inflows caused by rising recession risks. This is also the investment bank with the highest forecast at present. In addition, Deutsche Bank's forecast is $3350 and UBS's $3200.

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