Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Japan’s Finance Minister Signals Alignment With BOJ as Rate Hike Speculation Grows 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
RBA Holds Rates but Warns of Rising Inflation Pressures 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
ECB Signals Steady Rates Ahead as Policymakers Warn of Inflation Risks 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
BOJ’s Kazuo Ueda Signals Potential Interest Rate Hike as Economic Outlook Improves 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Bank of Korea Holds Interest Rates Steady as Weak Won Limits Policy Flexibility 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
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.
