Are central banks the key to gold's soaring price? Experts at Goldman Sachs believe so. With headlines like 'BRICS: Goldman Sachs Says Central Banks To Drive Gold Price' from Watcher-Guru grabbing attention, the precious metal is seeing increased interest.

Goldman Sachs and central banks are both actively increase gold holdings, contributing significantly to the recent surges that have pushing prices to record highs. This trend is occurring at a time when Bitcoin is facing headwinds, making gold an even more attractive safe-haven asset.

What's driving this central bank gold rush? Rising tariffs and global uncertainty are key factors, fueling demand as countries seek to diversify their reserves. Amidst the BRICS de-dollarization efforts, gold offers a stable alternative to the US dollar.

Goldman Sachs Research forecasts the rally in gold will continue amid demand from central banks. This positive outlook is shared by other major institutions. (Reuters) -Global banks predict gold prices will stay high in 2025, citing ongoing geopolitical uncertainty as a major driver. Some predict prices potentially reaching $3,000. Furthermore, Goldman Sachs revised its price target upward, reflecting their confidence in continued central bank demand and the overall resilience of the gold market.

Is gold the ultimate safe haven in a turbulent world? With strong support from central banks and bullish forecasts from institutions like Goldman Sachs, the outlook for gold remains bright.