Goldman Sachs sees a scenario where gold prices rally sharply to $2,250 by 2025

10.26.22 - Gold at $2,250?

Gold last traded at $1,664 an ounce. Silver at $19.66 an ounce.

 - Kitco--At a time when markets are volatile and there is a thirst for stability, gold may be the perfect place to watch your money shine. This is according to recent commentary by Goldman Sachs. Owning physical gold gives you the benefit of an unencumbered asset - an asset that is not in some way tied to debt. Goldman Sachs and others are suggesting gold will not only provide you with much needed stability but some nice returns as well.

"by Neils Christensen- The Federal Reserve's commitment to slow the economy to cool down rising inflation continues to push the U.S. economy closer to a recession.

Tuesday, in an interview with CNBC, David Soloman, CEO of Goldman Sachs, said that this is a time to be cautious as there is a good chance of a recession. The comment comes as the investment bank sees potential upside for gold in a recessionary environment.

In a report published last week, commodity analysts at Goldman Sachs said that despite gold's volatile year, its upside potential is greater than the downside risks, even as uncertainty dominates the marketplace."