Gold Price Record High: Gold prices continue their record-breaking rally, with COMEX gold futures nearing $3,100 per ounce, while silver has crossed the critical $35 mark. The surge is being fueled by institutional buying, Trump’s tariff uncertainties, and economic concerns, pushing investors toward safe-haven assets. In response to this rally, Goldman Sachs, Bank of America (BofA), Citi, ANZ, UBS, and Macquarie have raised their gold price targets for 2025 and beyond.
Goldman Sachs: Raises Gold Target to $3,300
Goldman Sachs Group Inc. has revised its year-end gold price forecast to $3,300 per ounce, citing strong central bank demand and increased ETF inflows as key drivers. The firm expects investor appetite for gold to remain strong, particularly amid growing geopolitical risks and global economic uncertainty.
Bank of America (BofA): Sees $3,500 Gold if Investment Demand Rises
Bank of America (BofA) has raised its 2025 gold price forecast to $3,063 per ounce, with an increased 2026 target of $3,350 per ounce. This marks a significant upgrade from its previous forecasts of $2,750 for 2025 and $2,625 for 2026.
The bank also noted that if investment demand increases by just 10%, gold prices could climb to $3,500 within the next two years.
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Citi Research: Predicts $3,500 Gold in a Bull Case
Citi Research has raised its three-month gold price target to $3,200 per ounce, up from $3,000 per ounce. The firm cited robust official sector demand and increased ETF inflows as key drivers.
“In our bull case, we see gold prices reaching $3,500 per ounce by year-end, underpinned by much higher hedging and investment demand on fears of a US hard landing or stagflation,” analysts at Citi said in a note.
ANZ Bank: Revises Gold Targets for 3-Month and 6-Month Periods
ANZ has updated its 0-3 month gold price forecast to $3,100 per ounce and its 6-month target to $3,200 per ounce.
Gold’s rally was further supported as it breached the $3,000 mark for the second time, setting a new high as investors rushed to hedge against economic risks stemming from US President Donald Trump’s trade policies.
UBS: Boosts Gold Target to $3,200 Amid US Trade War Concerns
UBS Global Wealth Management has increased its 12-month gold price forecast to $3,200 per ounce, citing escalating trade war risks and the impact of Trump’s proposed tariffs, set to take effect on April 2.
“Gold is expected to trade at $3,200 an ounce over the next four quarters, up from our previous forecast of $3,000, as the ongoing US-China trade conflict continues to drive haven demand,” UBS analysts stated.
Macquarie Group: Sees Gold Reaching $3,500 in Q3 2025
Macquarie Group analysts expect gold to surge to $3,500 per ounce during the third quarter of 2025, with an average price projection of $3,150 per ounce over the period.
“We view gold’s price strength and continued rally as being primarily driven by investors’ and official institutions’ greater willingness to pay for its lack of credit or counterparty risk,” analysts led by Marcus Garvey wrote in a note.
Gold and Silver Prices Skyrocket Amid Tariff Uncertainty
Gold and silver prices surged due to rising safe-haven demand amid concerns over US trade tariffs. The US government imposed a 25% tariff on automobile imports, increasing fears of reciprocal trade measures starting April 2.
- Gold prices are now inching closer to $3,100 per troy ounce
- Silver has crossed $35 per troy ounce, reaching a 13-year high
The US economic data released on Thursday was mixed—while final GDP figures showed slight improvement, jobless claims increased, adding to economic concerns.
Market Outlook Today: Gold and Silver to Remain Volatile
According to Manoj Kumar Jain, Director at Prithvi Finmart, gold and silver prices will likely remain volatile due to fluctuations in the dollar index and US trade war concerns. However, both metals are expected to hold key support levels on a weekly closing basis.
- Gold support levels: $3,040-$3,054 per ounce
- Gold resistance levels: $3,120-$3,134 per ounce
- Silver support levels: $34.74-$34.40 per ounce
- Silver resistance levels: $35.35-$35.80 per ounce
At MCX (India), gold has support at ₹89,000-₹88,740 and resistance at ₹89,660-₹90,000, while silver has support at ₹1,00,700-₹1,00,000 and resistance at ₹1,01,950-₹1,02,600.
Trading Recommendations from Experts
✅ Buy Gold Above ₹89,100 with a stop loss at ₹88,740 and a target of ₹90,000
✅ Buy Silver Around ₹1,00,700 with a stop loss at ₹1,00,100 and a target of ₹1,02,000
Big Events and Data Today
Friday, March 28, 2025
United States:
Core PCE Price Index (MoM) February – 6:00 PM
Personal Income (MoM) February – 6:00 PM
Gold Price Today in Sarafa Market
99.50~91800
23 KT~89500
22 KT~85800
20 KT~78200
18 KT~70600
14 KT~56300
9999 SILVER:~104300
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Disclaimer:
The information provided in this article is for informational purposes only and reflects the views of industry experts. Before making any investment decisions, it is recommended that you consult a financial advisor. The team at Gold Price Today does not engage in personal buying, selling, or trading of gold or silver on exchanges. We are not responsible for any gains or losses incurred based on the information presented here.
