當投資者將錢倒入黃色金屬中時，黃金再次閃耀著明亮

由於黃金價格達到了每盎司3243美元的新高價，投資者對黃金的興趣正在飆升 - 而且價格預測也是如此。

Gold prices have soared to fresh all-time highs, sparking investor interest in the yellow metal and leading major financial institutions to issue staggering new price forecasts.

黃金價格已經飆升至新鮮的高價，引起了投資者對黃金金屬的興趣，並領導著主要的金融機構發行驚人的新價格預測。

As reported by BBC, gold broke through its previous all-time high, touching $3,243 per ounce. The rally has been fueled by increased investor appetite for safe-haven assets amid ongoing geopolitical tensions and slowing global growth.

據英國廣播公司（BBC）報導，戈爾德（Gold）以前的歷史最高水平打破了每盎司3,243美元的票房。由於持續的地緣政治緊張局勢和減緩全球增長的速度，投資者對避風港資產的需求增加了集會。

With gold now trading comfortably above $3,200, analysts are revising their forecasts upward - and some are calling for historic price levels within the next 12 to 18 months.

現在，由於黃金的交易舒適到3200美元以上，分析師正在向上修改其預測 - 有些人呼籲在未來12到18個月內建立歷史性的價格水平。

Goldman Sachs: Gold to $4,500 by End of 2025

高盛（Goldman Sachs）：到2025年底，黃金至$ 4,500

In its most recent update, Goldman Sachs issued a major upgrade to its gold price target, now forecasting $4,500 per ounce by the end of 2025. This new forecast represents one of the most bullish institutional calls yet - and adds to growing momentum around gold.

在最近的更新中，高盛（Goldman Sachs）發布了其黃金價格目標的重大升級，現在預測到2025年底每盎司4,500美元。這一新預測是迄今為止最看漲的機構電話之一 - 並增加了圍繞黃金的增長勢頭。

According to Goldman, several factors are supporting this bullish outlook:

據高盛稱，有幾個因素支持這種看漲的觀點：

* Rising central bank demand for gold, which is expected to continue in 2025.

*中央銀行對黃金的需求增加，預計將在2025年繼續。

* A bulk of the "excess" savings is expected to flow into gold, further boosting demand.

*預計大部分“多餘”儲蓄將流向黃金，從而進一步提高需求。

* The durable goods sector, which is a major consumer of copper, is expected to recover in 2025, impacting copper prices.

*耐用的商品行業是銅的主要消費者，預計將在2025年恢復，從而影響銅價。

This new forecast from Goldman Sachs is significant, as it follows a previous substantial revision in April, when the bank nearly doubled its 12-month gold price target to $3,000.

從高盛（Goldman Sachs）進行的這一新預測非常重要，因為它在4月份的先前進行了大量修訂之後，當時該銀行將其12個月的黃金目標股價翻了一番，達到3,000美元。

ANZ: $3,600 by End of 2025

ANZ：到2025年底到3,600美元

Analysts at ANZ are also bullish, forecasting gold at $3,600 by year-end 2025. They highlight the growing risk aversion in financial markets and increasing demand from Asia as key factors supporting gold prices.

ANZ的分析師也是看好的，預計到2025年期末的黃金為3,600美元。他們強調了金融市場的風險規避，並增加了亞洲需求，這是支持黃金價格的關鍵因素。

ANZ's forecasts are in line with other major institutions. For instance, Deutsche Bank has revised its gold price forecast to $3,700 per ounce by 2026.

ANZ的預測與其他主要機構一致。例如，德意志銀行（Deutsche Bank）將其黃金價格預測修改為到2026年每盎司3,700美元。

Saxo Bank: $3,500 Target Maintained

薩克斯銀行：維持$ 3,500的目標

Saxo Bank, which previously predicted $3,300 gold (a target now surpassed), has revised its forecast to $3,500 by the end of 2025.

薩克斯銀行（Saxo Bank）以前預測3,300美元的黃金（現在已超過目標），到2025年底已將其預測提高到3,500美元。

In their recent commentary, Saxo noted: "Gold continues to benefit from structural macro themes - including central bank accumulation and de-dollarization trends - all while supply remains tight."

薩克索在最近的評論中指出：“黃金繼續受益於結構性宏觀主題 - 包括中央銀行的積累和付費趨勢 - 供應仍然很緊張。”

Deutsche Bank: $3,700 Gold by 2026

德意志銀行：$ 3.700黃金到2026年

As previously reported by CoinCodex, Deutsche Bank has significantly revised its gold forecast, projecting a price of $3,700 per ounce by 2026.

正如Concodex先前報導的那樣，Deutsche Bank已大大修改了其黃金預測，預計到2026年，每盎司3,700美元。

In a note cited by Reuters, the bank pointed to several long-term catalysts:

在路透社引用的註釋中，該銀行指出了幾種長期催化劑：

* Long-term inflation above 2 percent will support higher real interest rates, which could push up demand for gold as an inflation hedge.

*長期通貨膨脹率高於2％，將支持更高的實際利率，這可能會推動對黃金的需求作為通貨膨脹對沖。

* A bulk of the "excess" savings is expected to flow into gold, further boosting demand.

*預計大部分“多餘”儲蓄將流向黃金，從而進一步提高需求。

* The durable goods sector, which is a major consumer of copper, is expected to recover in 2025, impacting copper prices.

*耐用的商品行業是銅的主要消費者，預計將在2025年恢復，從而影響銅價。

Deutsche Bank's view aligns with the broader market trend of increasingly bullish long-term gold forecasts - suggesting the current rally may still be in its early stages.

德意志銀行的觀點與越來越多的長期黃金預測的更廣泛的市場趨勢保持一致 - 表明目前的集會可能仍處於早期階段。

CoinCodex Forecast: Gold to Peak at $4,800 in 2025

Coincodex的預測：黃金至2025年$ 4,800

At CoinCodex, our algorithmic gold prediction model forecasts that gold could reach a peak of $4,800 per ounce by the end of 2025. This outlook is driven by a combination of historical price patterns, market momentum, global liquidity cycles, and key macroeconomic indicators - all of which suggest an extended rally in the precious metals market is underway.

在Coincodex上，我們的算法黃金預測模型預測，到2025年底，黃金可以達到每盎司4,800美元的峰值。這種前景由歷史價格模式，市場動量，全球流動性週期和鑰匙宏觀經濟指標以及所有這些都在珍貴的METALE MARKEN中進行了延長。

For the full year, gold is expected to trade within a range of $3,164.70 to $4,807.06, with an estimated average annual price of $4,062.70. Compared to current levels, this translates to a potential annual return of approximately 49.14%.

在整整一年中，預計黃金將在3,164.70至4,807.06美元之間的交易範圍內，估計平均年價格為4,062.70美元。與當前水平相比，這可能年的年收益約為49.14％。

Gold price forecast for 2025 by month (source).

每月2025年的黃金價格預測（來源）。

Final Take: Gold Rally Just Getting Started?

最終拍攝：Gold Rally剛開始？

Gold has already posted an impressive performance in 2025 - but if the current momentum holds, there may still be plenty of upside left.

黃金已經在2025年發布了令人印象深刻的表現 - 但是，如果當前的動量成立，可能仍然有很多上行。

Here's how leading forecasts compare:

這是領導預測的方式比較：

* Goldman Sachs: $4,500 by End of 2025

*高盛（Goldman Sachs）：$ 4,500到2025年底

* ANZ: $3,600 by End of 2025

* ANZ：$ 3,600到2025年底

* Saxo Bank: $3,500 Target Maintained

*薩克斯銀行：維護目標$ 3,500

* Deutsche Bank: $3,700 by 2026

*德意志銀行：2026年$ 3.700

* CoinCodex: $4

* COINCODEX：$ 4