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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.

Chinese Intelligence Operatives Exploit Recruitment Platforms To Harvest Sensitive Western Data

Western governments have warned that Chinese intelligence operatives are increasingly using job search and recruitment platforms, including LinkedIn, to seek access to sensitive information. The warning was issued jointly by the FBI, the U.K.’s MI5, and the governments of Australia, Canada and New Zealand.

Targeted Recruitment Strategies

According to the advisory, Chinese operatives have posed as recruiters and human resources professionals representing companies based outside China. Authorities said these efforts are intended to establish contact with individuals who may have access to non-public information. The advisory notes that such activity can occur alongside more traditional cyber espionage operations.

Expanding The Espionage Spectrum

Officials said recruitment efforts have targeted individuals holding security clearances, military personnel in the Indo-Pacific region, as well as journalists, academics and employees of research institutions. Authorities believe these contacts are used to gather both publicly available and non-public information. According to the advisory, information collected through multiple sources can be combined to support broader intelligence-gathering activities.

Interagency Collaboration And Response

The joint warning highlights the importance of monitoring attempts to obtain information through professional networking and recruitment platforms. LinkedIn said it continues to enforce policies intended to detect and prevent misuse of the platform, including measures related to account verification and coordinated inauthentic activity.

Implications For Western Security

This development comes at a time when efforts are underway to improve ties between Beijing and Western nations. However, Western governments continue to warn about espionage activities conducted through online recruitment and networking platforms. The advisory highlights the growing use of digital tools alongside human source recruitment in intelligence-gathering efforts. Authorities said organisations in both the public and private sectors should remain alert to approaches seeking access to sensitive information through professional contacts and online services.

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