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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.

Cyprus Advances Digital Adoption Among Businesses In 2025

Cyprus In Line With European Digital Trends

New data from Eurostat showed that 51% of businesses in Cyprus used e-business applications in 2025, closely matching the European Union average of 53%. The figures include the use of enterprise software such as enterprise resource planning systems, customer relationship management platforms and business intelligence tools.

Digital Solutions Driving Business Efficiency

The data underscore Cyprus’ steady progress in digital transformation, even as some leading European nations continue to outpace its rate of adoption. Denmark and Finland lead with a notable 73% uptake, trailed by Belgium and the Netherlands at 70%, while Spain stands at 66%. In stark contrast, Bulgaria, Romania, and Slovakia exhibit significantly lower adoption rates, accentuating a pronounced digital divide within the region.

The Impact Of Enterprise Size On Adoption

The report also highlighted major differences between small and large companies. Enterprise resource planning systems were used by 41% of small businesses compared with 89% of large enterprises — a gap of 48 percentage points. Business intelligence software showed an even wider difference, with adoption rates at 11% among smaller firms and 69% among larger companies.

Customer relationship management systems were used by 25% of small businesses versus 65% of large enterprises. The data illustrates the greater challenges smaller companies face when investing in advanced digital infrastructure and software tools.

Investing In A Digital Future

Cyprus’ 51% adoption rate points to gradual progress in digital transformation as businesses increasingly rely on software systems to improve operations, data analysis and customer engagement. The findings also reinforce the importance of expanding digital capabilities among small and medium-sized enterprises, which continue to lag behind larger organisations in technology adoption.

Eurostat’s report highlights how investment in digital tools and targeted policy support remain central to improving competitiveness across the European business landscape.

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