Breaking news

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

Cyprus And Israel Forge Strategic Tourism Partnership For Winter Growth

Cyprus and Israel have solidified their tourism partnership amid high-level discussions held in Israel during the International Tourism Fair IMTM. Deputy Minister of Tourism Kostas Koumis met with Tourism Minister Haim Katz to explore avenues for expanding visitor arrivals and deepening bilateral cooperation in the travel sector.

Expanding Tourism Horizons

During the visit, Koumis presented plans to further support winter arrivals and promote niche tourism segments. Meetings with industry partners highlighted the continued importance of the Israeli market, which remains one of the key contributors to Cyprus’ tourism performance.

Impressive Growth Metrics

The figures reflect this momentum. In 2025, arrivals from Israel exceeded 588,000 visitors, making Israel the second-largest tourism market for Cyprus after the United Kingdom. This represents a 38.4% increase compared to 2024 and more than 112% growth over the past three years.

Average visitor spending also rose to €682 per trip, up 2.9% year-on-year and 13.4% over three years, highlighting the tangible economic contribution of Israeli tourism to Cyprus.

Strengthening Strategic Ties

Koumis noted that the Israeli market remains a priority due to its rapid development and strong potential for diversification. Talks focused not only on short-term opportunities but also on long-term cooperation, particularly in winter tourism and special interest travel. The aim is to maintain steady growth and reduce seasonality in arrivals.

High-Profile Engagements

The visit also included meetings with prominent figures, among them the Patriarch of Jerusalem Theophilos, as well as several media appearances. These engagements underscored both the diplomatic and cultural dimension of the trip, reinforcing broader ties beyond tourism alone.

eCredo
The Future Forbes Realty Global Properties
Uol
Aretilaw firm

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter