Goldman Sachs has made headlines by raising its year-end gold price target to a remarkable US 3700 per ounce. This bold prediction stems from ongoing global economic uncertainty, which has been a driving force behind increased demand for gold. The recent data reveals strong central bank support for gold alongside a surge in inflows into gold-backed ETFs, further solidifying the precious metal’s appeal. With fears of a potential recession looming, investors are flocking to gold, leading to record prices. Experts suggest that these factors combined indicate a robust future for gold as a safe-haven asset. Stay tuned as this story continues to develop.