According to online reports, Goldman Sachs expects gold prices to reach US$3700 per ounce by the end of 2025 and rise to US$4000 by mid-2026. This forecast is based on the continued demand for gold by central banks around the world, investors 'concerns about the economic recession and risk aversion to U.S. assets. Daan Struyven, co-head of global commodities research at Goldman Sachs, pointed out that risk-reward analysis is positive for gold. Bitcoin and gold have both risen sharply in the past three years, but Bitcoin is more volatile, more sensitive to retracements, and has positive correlation with technology stocks. Higher, so if you want to guard against downside risks in stocks, lower correlation and lower volatility mean a fairly significant positive allocation to gold.