Gold Prices Poised for Record Highs Amid Geopolitical Tensions and Speculation

Goldman Sachs predicts that escalating trade tensions and fiscal concerns under Donald Trump's presidency could drive gold prices to new highs, potentially reaching $3,150 an ounce by 2025. The bank cites central banks' desire to diversify away from the U.S. dollar, speculative positioning, and potential inflationary pressures from Trump's tariff policies as key factors. The Federal Reserve's independence is also under scrutiny, which could further impact economic stability and gold demand.