The German investment bank Commerz has reviewed its forecasts for gold price targets by the end of the first quarterly period of this year; it has raised its expectations for the price of the yellow metal from $2,600 per ounce to $2,700 per ounce.
In addition to this, Commerz Bank clarified that it has maintained its forecasts for gold price targets by the end of this year, which stand at $2,650 per ounce.
On the other hand, Goldman Sachs had postponed its forecasts for gold movements in 2025, indicating the possibility of the yellow metal reaching $3,000 per ounce by the end of the year.
The bank reported that it expects the precious metal to jump to $3,000 by mid-2026, noting a slower pace of gold price increases in the coming years.
