Goldman Sachs: Baseline forecast of gold price at $3,100 by the end of 2025 has upside risk

Goldman Sachs predicts that by the end of 2025, the price of gold is expected to be around $3100, which is its base forecast (i.e. the most likely scenario). In addition, their forecast range is between $3100 and $3300, but they believe that prices could rise above this range, with an upside risk (i.e. the price of gold could be higher than $3300).