Goldman Sachs Predicts Gold Prices To Surge To $3,700 By Late 2025

by News Editor

April 15, 2025

In a bold forecast, Goldman Sachs has increased its gold price prediction to $3,700 per ounce by the end of 2025. This adjustment comes amid unexpected demand from central banks and a strengthening perception of recession risks, drawing investors towards gold ETFs.

Key Points

Initial forecasts pegged the price at $3,300, but central banks’ monthly gold acquisitions, averaging 80 tons — much higher than the 17-ton average before 2022 — have warranted a forecast revision.
Gold prices have already seen a significant increase of over 23% in 2025, surpassing the $3,200 mark for the first time.
Should central banks continue acquiring at an accelerated pace, or if a recession prompts a capital influx into ETFs, gold could rise to $3,880 within this year.

What To Watch

Economists estimate a 45% chance of a U.S. recession within 12 months, potentially redirecting capital to gold ETFs. Should central banks ramp up purchases to 100 tons monthly, or recession-driven demand persist, gold might reach $3,880 by year-end. Alternatively, if economies show resilience and political uncertainty lessens, gold prices could stabilize around $3,550.

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The Future Forbes Realty Global Properties

New Era For Kato Pyrgos: Major Upgrade To Fishing Refuge Unveiled

by THEFUTURE.TEAM

June 8, 2026

Project Overview

Plans to modernize the Fishing Refuge of Kato Pyrgos were announced by the Public Works Department, marking the start of a project valued at more than €6 million. The upgrade will focus on the existing port facilities and is intended to support professional and recreational fishermen, while also serving the growing demand for recreational boating in the area.

For years, Kato Pyrgos has faced challenges linked to its geographic location and limited maritime infrastructure. The proposed works are designed to improve access, safety and operational capacity at the refuge.

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Key Infrastructure Enhancements

According to the project’s environmental and engineering studies, the planned works combine port infrastructure improvements with measures aimed at protecting the Tillyria Bay ecosystem.

Proposed upgrades include:

Extending and reinforcing the main breakwater using natural boulders and precast concrete elements to improve protection from northwesterly winter waves.
Dredging the seabed to remove accumulated sediment and increase water depth, allowing safer access and docking for larger vessels.
Replacing existing docking infrastructure with reinforced concrete platforms, including new loading ramps, fenders and safety staircases.
Installing facilities for the collection of used oils and vessel waste, together with integrated fire-fighting systems.

Timeline And Economic Impact

Interested contractors have until July 17 to submit bids, which will be assessed on the basis of both cost and technical criteria. Following the planned contract award on November 17, 2026, construction is expected to last 24 months, with completion targeted for 2028, subject to any appeals process.

Project documentation indicates that the works are expected to create employment during the construction phase while improving maritime infrastructure in the region. Part of a broader programme of infrastructure investment in coastal and remote communities, the Kato Pyrgos upgrade has been prioritised by the Public Works Department.

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