New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026 
Japan Declines Comment on BOJ’s Absence From Global Support Statement for Fed Chair Powell. Source: Asturio Cantabrio, CC BY-SA 4.0, via Wikimedia Commons 
China Home Prices Rise in January as Government Signals Stronger Support for Property Market 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
Indonesia Stocks Face Fragile Sentiment After MSCI Warning and Market Rout 
Philippine Economy Slows in Late 2025, Raising Expectations of Further Rate Cuts 
Copper Prices Hit Record Highs as Metals Rally Gains Momentum on Geopolitical Tensions 
Gold Prices Pull Back After Record Highs as January Rally Remains Strong 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
Thailand Economy Faces Competitiveness Challenges as Strong Baht and U.S. Tariffs Pressure Exports 
U.S. Urges Japan on Monetary Policy as Yen Volatility Raises Market Concerns 
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
U.S. Eases Venezuela Oil Sanctions to Boost American Investment After Maduro Ouster 
Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals 
Goldman Sachs has raised its year-end 2025 gold price forecast to $3,100 per ounce from $2,890, driven by sustained central bank demand. The investment bank predicts that higher central bank purchases, now estimated at 50 tonnes per month (up from 41 tonnes), will boost gold prices by 9% by year-end, alongside increased ETF inflows as interest rates decline.
Goldman noted that if monthly purchases reach 70 tonnes, gold could climb to $3,200, while steady Federal Reserve rates could see prices at $3,060. Persistent policy uncertainty, including trade tensions, may push gold to $3,300 due to prolonged speculative buying. Rising U.S. fiscal concerns could further lift prices to $3,250 by December 2025.
The bank reiterated its "Go for Gold" trading strategy, emphasizing gold as a hedge against trade tensions, Fed risks, and recession threats. Inflation fears and U.S. debt sustainability could also drive central banks, especially those holding significant U.S. Treasury reserves, to increase gold acquisitions. Goldman expects these factors to sustain strong gold demand, bolstering its bullish outlook.
