Indonesia Passes New Central Bank Law, Raising Investor Concerns Over Policy Independence 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
BOJ Rate Hike Expectations Rise as Weak Yen and Strong U.S. Jobs Data Increase Pressure 
ECB Keeps July Rate Options Open Amid Iran War Energy Price Risks 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
RBNZ Holds Interest Rates Steady but Signals More Hikes Ahead in 2026 
BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
German Industry Employment Falls to Lowest Level in a Decade 
US-Iran Ceasefire Deal Extends Peace Talks and Eases Oil Trade Restrictions 
Taiwan Central Bank Likely to Keep Interest Rates Unchanged Through 2027 
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.
