Gold Rises; Prices Could Hit $3,100 by Year-End -- Market Ta

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Dow Jones NewsMar 3, 12:07 AM UTC
DJ Gold Rises; Prices Could Hit $3,100 by Year-End -- Market Talk

0007 GMT - Gold rises in early Asian trade. Goldman Sachs Research forecasts that gold will continue climbing up to $3,100/oz by the end of the year, supported by higher-than-expected central bank demand, says analyst Lina Thomas in a report. Policy uncertainty and tariff fears could also result in speculators holding their net long positions in gold for longer as a haven asset, Thomas adds, though this could be short-lived if investors become more confident about the economic and political environment. Spot gold is 0.4% higher at $2,868.21/oz. (kimberley.kao@wsj.com)

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March 02, 2025 19:07 ET (00:07 GMT)

 
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